Commercial property for sale in Arndale House, Birtley, DH3

FOR SALE BY WAY OF ONLINE AUCTION - ON 30TH MAY 2024. Option 1 - Terms and Conditions apply. See Agents Property Auctions Website for full details. www.agentspropertyauction.com

VAT PAID BY THE SELLER. This is a vacant ground floor retail unit suitable for a variety of uses, subject to any necessary planning consents. It is extremely well located at the centre of Birtley with main road frontage to Durham Road, almost directly opposite the vehicular entrance to the Morrisons superstore. Total floor area of 835 square feet.

AccommodationFront area 13.7m x 4.2m (overall) approximately 52 sqm/560 sqft, subdivided into reception and two treatment rooms each with washbasin.
Rear area 8.3m x 3.1m approximately 26 sqm/277 sqft with wc and store off.
Rear lobby with stairs to rear exit.
To the rear there is a communal service area.

UseThe unit is located within a shopping parade containing various different users. The last known occupation was as a veterinary centre and prospective buyers must satisy that their intended use is allowed under existing planning permission. Any required change of use will be the responsibility of the buyers.

TenureWe are advised that our client owns the long leasehold interest for a term of 999 years at a rent of £1 per annum (if demanded), from June 2010. We are in possession of land registry details and the lease which includes service charge provisions.

Rental informationNow offered with full vacant possession. The previous tenant occupied upon a FRI lease at a rental of £11,000 per annum.

RatesWe have noted from the VOA website, that the current Rateable Value is £9,900. It is possible that an occupant could qualify for small business rate relief, subject to the requirements of the scheme, available from Gateshead MBC, or online. It is not entirely clear which RV applies to this property and prospective buyers must satisfy themselves as to the actual RV.

ViewingViewing is strictly by appointment via Andrew Craig Commercial.

VATVAT PAID BY THE SELLER. We are advised that our clients have elected to charge VAT but they will pay the vat amount for the buyer. In effect the quoted price therefore includes VAT. The buyer will be responsible for VAT but the seller will make an allowance from the agreed price for the amount of the vat.

TenureWe will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.

Broadband and Mobile CoverageThe Ofcom website states the average broadband download speed of 18 Mbps and a maximum download speed of 62 Mbps at this postcode: DH3 2PG and mobile coverage is provided by EE, Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.

Money Laundering RegulationsPlease note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.

Material InformationThe information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: C

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a andpound;2000.00+VAT (total andpound;2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel: 01661 831 360