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COMMERCIAL

High Street, Easington Lane, Houghton Le Spring

Guide Price
£42,750
Andrew Craig, Auction
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • For Sale Via Auction
  • Ground Floor Commercial Premises
  • Well Located at the Centre of Easington Village
  • Sold as Seen to Include Fixtures & Fittings
  • Reference: 444735

Description

FOR SALE BY WAY OF ONLINE AUCTION - TAKING BIDS NOW!! OPTION 1 Terms and Conditions apply. See Agents Property Auctions Website for full details.

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.
CAFE 5.37m (17'7) x 5.07m (16'8)

CUSTOMER TOILET

KITCHEN 3.4m (11'2) x 2.86m (9'5)

KITCHEN AREA 2.55m (8'4) x 1.93m (6'4)

LARDER STORAGE 2.56m (8'5) x 1.23m (4'0)

UTILITY ROOM 2.88m (9'5) x 2.2m (7'3)

STAFF TOILET

REAR LOBBY

REAR YARD

Tenure
The 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 Fittings
The 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 Consents
We 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 Value
The 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
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Material Information
The 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 £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel:

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High Street, Easington Lane, Houghton Le Spring

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Seaham Station4.3 miles
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About the agent

Andrew Craig, Auction

582 Durham Road, Low Fell, Gateshead, NE9 6HX

Andrew Craig, Auction

Andrew Craig is The Agent of the North. We are a family run business that is passionate about people and property.

We work with the Agents Property Auction, who are the biggest property Auctioneer in the North East. We hold monthly auctions and offer both a traditional auction (Option 1) plus a conditional auction (Option 2) where a deposit is paid at the auction (this is deducted from the sale price) and the buyer then has 28 days in which to exchange contracts. This is much better fo

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 444735. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Andrew Craig, Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Andrew Craig, Auction on 01661 525163.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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