Retail in DH4

Mill Pit, Houghton Le Spring, Tyne and Wear, DH4 4JT

Brochure

Tenure: Freehold

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Starting bid£70,000

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Key Information

Parking: Allocated

Property features

Ground floor retail/commercial unit
Prominent shop frontage
Rear store room and WC facilities
First floor one-bedroom flat
Secure gated external area
Suitable for a range of uses (STP)
Mixed-use investment opportunity

Retail in DH4

*For sale via secure sale online bidding: terms and conditions apply.*

An excellent opportunity to acquire a mixed-use property comprising a ground floor commercial unit with self-contained residential accommodation above, located in a well-established area of Houghton Le Spring.

The ground floor offers a versatile retail space with a prominent shop frontage, providing good visibility and natural light. Internally, the unit benefits from a main sales area, a rear room suitable for storage or ancillary use, as well as a WC and additional storage facilities. The layout is well-suited to a variety of business uses (subject to any necessary consents).

To the first floor, the property comprises a self-contained one-bedroom residential flat. The accommodation provides comfortable living space, ideal for an owner-occupier or as a rental investment, and includes a bedroom, living area, kitchen, and bathroom facilities. We are advised the flat is currently tenanted generating £600 pcm.

Externally, the property benefits from secure gated access, offering added security and potential for private parking or yard space.

This property presents an ideal opportunity for investors or owner-occupiers seeking a combined commercial and residential premises in a convenient location.

Key Features:

- Ground floor retail/commercial unit
- Prominent shop frontage
- Rear store room and WC facilities
- First floor one-bedroom flat
- Secure gated external area
- Suitable for a range of uses (STP)
- Mixed-use investment opportunity

Early viewing is highly recommended to fully appreciate the potential this property has to offer.

Location

The subject property is prominently located along Mill Pit, Houghton Le Spring. The property is well located being in a prominent residential area while also being close to local amenities and transport links.

Accommodation

The ground floor offers a versatile retail space with a prominent shop frontage, providing good visibility and natural light. Internally, the unit benefits from a main sales area, a rear room suitable for storage or ancillary use, as well as a WC and additional storage facilities. The layout is well-suited to a variety of business uses (subject to any necessary consents). To the first floor, the property comprises a self-contained one-bedroom residential flat. The accommodation provides comfortable living space, ideal for an owner-occupier or as a rental investment, and includes a bedroom, living area, kitchen, and bathroom facilities. Externally, the property benefits from secure gated access, offering added security and potential for private parking or yard space.

Council Tax

Band A

EPC

Both available upon request.

Additional information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial.ne@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

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