Lot 5 - Unit 1a Watling Industrial Estate, Watling Street, Consett, County Durham, DH8 6TA
- Unconditional Online Auction Sale
- Guide Price* : £270,000
Industrial Opportunity For Sale
Description
LOCATION
The subject property is located on Watling Street Industrial Estate, Consett, which lies approximately 1.5 miles east of Consett and 13 miles west of Newcastle. Specifically, the premises lies on the junction of B6309 and Watling Street industrial estate with convenient links to the A693 which links to A1M. The area benefits from a reasonable level of services and facilities together with a mix of industrial units and office accommodation.
DESCRIPTION
The subject property is detached single storey industrial premises, very prominently located along Watling Street Industrial Estate, Consett, Durham. The premises consists of an extensive plantroom with additional office accommodation, mezzanine, kitchen and storage benefits from electric heating and a locked compound yard to the side. Please note that all equipment and machinery, including CHP engines, would be removed and not included within the sale, and the concrete blocks will be removed and replaced with fencing around the perimeter.
The items highlighted yellow in images 4, 5 and 6 in the Auction Pack (which are being removed from the property) are available for purchase by a buyer for £15,000. If the successful buyer wishes to purchase these items in addition to the property, they must liaise directly with the seller – if an agreement is reached, this will need to be dealt with by a separate agreement and will not form part of the auction sale.
ACCOMMODATION
Floor M2 Ft2
Ground Floor 447.5 4,817
Mezzanine 173.6 1,869
Fenced Land 550 5,920
Total GIA 621 6,686
RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £15,500 and the estimated rates payable for the current year is £7,595. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.
EPC RATING
EPC Rating - D (95)
ADDITIONAL TERMS
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. An administration charge of £714 including VAT is payable by the successful buyer within 1 hour of the auction closing.
7. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
8. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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