Lot 48 - Land on the North Side of 28-29 North Terrace, Seaham, County Durham, SR7 7EU
- Unconditional Online Auction Sale
- Guide Price* : £399,000
0.181ac. Potential Development Site
Description
An exceptional development opportunity situated on the north side of 28–29 North Terrace in the heart of Seaham, County Durham. The site occupies a prominent position on one of Seaham’s most attractive and vibrant streets, within walking distance of the seafront promenade, Marina, and a range of local shops, cafés, and leisure facilities.
The land comprises a vacant site, bounded by a mixture of commercial, leisure, and residential uses, contributing to a well-established and active urban setting.
The land is situated on the north side of North Terrace in Seaham, a popular coastal town in County Durham. North Terrace is a well-regarded location, positioned close to Seaham’s vibrant seafront and marina, which offer a range of cafés, bars, and independent retailers. The surrounding area comprises a mix of residential and commercial properties, benefitting from excellent transport links via the A19, providing easy access to Sunderland, Durham, and Newcastle upon Tyne. Seaham Railway Station is also nearby, offering regular services along the Durham Coast Line. The location presents an attractive opportunity within a well-connected and thriving coastal setting.
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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