0 Bedroom

For Sale by Online Auction

29th May 2025 - 10 Am Start -- Bidding opens 24 hours prior

OPTION ONE – On the fall of the electronic gavel the buyer pays a 10% deposit to The Agents Property Auction Limited subject to a minimum of £3,000. Where sales are agreed prior or post auction and The Agents Property Auction Limited are in possession of a legal pack, exchange occurs on the buyer signing the Auction Contract, payment of the deposit and The Agents Property Auction Limited completing their customer due diligence. Completion is to occur within a further 28 days of the exchange.

A Large, vacant, mid terraced commercial unit for sale on Newgate street. Coming towards the end of a 15 year lease to Heron Foods, which ends on 22nd December 2025 with rent at £54,226 per year.

The considerable size of the property would offer a multitude of potential uses depending on planning permission. These could include changing the first floor to residential as a number of similar properties on Newgate street, and the neighbouring street have done.

the property currently comprises of a ground floor shop floor, a staff canteen, office a large store at the rear and a rear access point, which backs onto Westgate Road. The upper floors are accessed by a single door to the side of the shop door and stairs rise to the first floor which is currently a large open space, with another flight of stairs going up to the second floor.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A

Local Authority – Durham County Council

Council Tax Band – NA - Rateable value - £16,500 PA

Tenure – Freehold

PART B

Property Type – Mid Terraced Commercial units

Property Construction – Stone

Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls

Electricity supply – Mains

Water Supply - Mains

Sewerage – Mains

Heating - NA

Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://checker.ofcom.org.uk/en-gb/mobile-coverage

Estimated Broadband Download speeds – please refer to the Ofcom Website – https://checker.ofcom.org.uk/en-gb/broadband-coverage

Parking: On Street

PART C

Building Safety – The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm

Restrictions - None

Rights & Easements- None

Flood risk – Medium

Coastal Erosion - NA

Protected Trees – No

Conservation area – yes

Planning Permission – No

Accessibility – The property has not been altered for accessibility

Mining Area – Located in a historical mining area

Selective License Area – no

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.

Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

Disclaimer 1

None of the services have been tested.

Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and

do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property. For sale by auction see www.agentspropertyauction.com

Disclaimer 2

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 £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including VAT from them for the recommendation.

Disclaimer 3

Details of the tenure will be available in the legal pack, however we recommend all potential buyers take legal advice and satisfy their requirements prior to purchase.