Commercial property for sale in High Street, Easington Lane, Houghton Le Spring, DH5

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.

Ground floor commercial premises, currently vacant but previously trading as an established cafe. Well located at the centre of Easington Village with main road frontage and on street parking, this unit could be suitable for other food businesses, or indeed other trades. Internal floor area amounts to approximately 50 sq metres (530 sq feet).

Easington Lane is a densely populated residential area located almost midway between Durham and Seaham. The premises were operated as Primo cafe for many years and is sold as seen to include all fixtures and fittings. It could therefore be ready to re-open for an owner/operator or perhaps could be used for hot food takeaway.

The vendors solicitor have advised we are selling the leasehold interest in the shop - number 127 and the freehold reversion of the flat -number 127A. The property is leasehold.

CAFE5.37m (17'7) x 5.07m (16'8)

CUSTOMER TOILET

KITCHEN3.4m (11'2) x 2.86m (9'5)

KITCHEN AREA2.55m (8'4) x 1.93m (6'4)

LARDER STORAGE2.56m (8'5) x 1.23m (4'0)

UTILITY ROOM2.88m (9'5) x 2.2m (7'3)

STAFF TOILET

REAR LOBBY

REAR YARD

TenureThe property is Leasehold with a term of 999 years from 24 June 2003 subject to a ground rent of one peppercorn.
We are advised by our clients solicitor that we are selling the leasehold interest in the shop - number 127 and the freehold reversion of the flat - number 127A. PLease refer to the legal pack.
We 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.

Contents and FittingsThe property is comprehensively fitted for the last business use and is sold as seen to include all fittings and fixtures currently within the premises. Buyers should make sure they are aware of the contents currently installed before bidding.

Planning and ConsentsWe are advised that the last established use was as a cafe providing hot and cold food. We are advised also that the local authority has stated that this includes use as hot food takeaway, which is much sought after in such residential locations. It is the responsibility of prospective buyers to ensure that there is planning and any other required consent to use the premises as intended, before bidding to buy.

Rateable ValueThe VOA website shows that the current rateable value is £4,750. The operating business should qualify for small business rating relief, subject to satisfying relevant terms, details available at https://www.gov.uk/apply-for-business-rate-relief/small-business-rate-relief

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: B

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