Lot 36 - Land and Garages on the South Side of Newstead Road, Middlesbrough, North Yorkshire, TS4 2HG
- Unconditional Online Auction Sale
- Guide Price* : £44,950
Workshop with 3 lock up garage units
Description
An exciting opportunity to acquire a workshop with 3no. lock up garage units, located on the south side of Newstead Road in a well-established residential area of Middlesbrough.
The site includes:
- workshop - currently in disrepair and requiring a new roof, offering scope for redevelopment. The seller has advised it previously had planning consent for conversion to a bungalow.
- 3no. lock up garages (units 3, 5 and 6) - suitable for rental, storage or redevelopment (subject to obtaining the relevant planning consent).
- small yard area - positioned adjacent to the main building, ideal as a private yard or potential extension space.
We are advised that the site benefits from a nearby Northern Powergrid electrical supply, with a connection quote of approximately £3,000.
Excellent development or investment opportunity for those looking to build, store, or generate income via garage rentals.
Please note that the Auctioneer has not carried out an internal inspection of the property. All descriptions, measurements, and other details have been provided by the vendor in good faith and are believed to be accurate. However, prospective purchasers must rely on their own inspections and due diligence. The agent accepts no responsibility for any inaccuracies or omissions in the information provided.
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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