Lot 18 - 13 Oldgate, Morpeth, Northumberland, NE61 1QF
- Unconditional Online Auction Sale
- Guide Price* : £180,000
- Bedrooms: 2
- Bathrooms: 2
- Reception Rooms: 1
Coffee shop with 1 bedroom apartment above
Description
Bradley Hall is pleased to bring to the property market this characterful grade II listed detached property situated within the heart of Morpeth Town Centre. 13 Oldgate is well known in the local history of Morpeth and was once owned by Micah Elliott and operated as a sweet shop, later it was an antique shop and more recently trading as Micah’s Tea Rooms.
We offer for sale the freehold interest currently trading as a tea room on the ground floor, and on the first floor there is a one bedroom flat. This is an opportunity that will be of interest to a variety of businesses in a central location with high volume passing footfall.
The ground floor consists of a serving area (21’10” x 16’) with a display window and entrance door to the front offering space for several tables providing for 24 covers, there is also a kitchen area and storage room to the rear, also a cloakroom/WC for customers use, below here is useful cellar area ideal for storage.
The first floor is reached from an internal staircase and leads to a spacious lounge/dining room, kitchen, bedroom and a bathroom.
Externally there is a rear enclosed yard currently being utilised as an outside serving area for approx. 12-15 covers.
Well suited to a range of potential purchasers, this charming property offers easy access to the town centre of Morpeth where a range of traditional shopping and national retailers can be found, excellent schooling for all ages is available locally. Morpeth also offers many bars/restaurants and leisure facilities. Transport needs are catered for by local buses and the A1 trunk road gives vehicle access to the region north and south and beyond. Morpeth also has a mainline rail station on the East Coast Line to Newcastle, Edinburgh, and London. For commuters Newcastle City Centre and Newcastle International airport are both approx.18 miles away.
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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