Lot 58 - Northumbria House, Church Avenue, Scotland Gate, Choppington, Northumberland, NE62 5SE
- Unconditional Online Auction Sale
- Guide Price* : £340,000
Multi Unit Investment for Sale
Description
An excellent investment opportunity comprising a fully let, mixed-use property arranged to provide four self-contained retail units, together with a well-presented three-bedroom residential dwelling. The asset produces a strong combined annual rental income of £34,476.
Situated in a thriving and well-established location, the property offers a strong blend of secure long-term income and future growth potential, making it an attractive proposition for both experienced investors and those looking to expand or diversify their portfolio.
Unit 1 - Sheds of Wool
190.7sqm (2,053sqft)
Let on a 5 year term from 01/09/25 at a rent of £6,000pa.
Unit 2 - Wash & Go
101.5sqm (1,093sqft)
Let on a 5 year term from 31/07/25 at a rent of £6,600pa.
Unit 3 - Wash & Go
102.5sqm (1,103sqft)
Let on a 5 year term from 01/08/25 at a rent of £6,600pa.
Unit 4 - In Disguise
250.6sqm (2,697sqft)
Let on a 5 year term from 01/08/25 at a rent of £6,276pa.
House - Brendalan
116sqm (1,249sqft)
Let from 01/08/25 at a rent of £9,000pa.
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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