Lot 85 - 101 Front Street, Chester Le Street, County Durham, DH3 3BL
- Unconditional Online Auction Sale
- Guide Price* : £145,000
Two Storey Retail Property
Description
• Two storey retail unit
• Prominent high street location
• Total size of 228sqm (2,458sqft)
• Convenient access to the A1(M) and main line railway station
• Ample public parking nearby
• No VAT payable on purchase price
LOCATION
The premises occupies a highly visible position on Front Street, in the centre of Chester le Street. The area benefits from strong footfall, with a mix of national and independent retailers nearby. The A1(M) is approximately 1.5 miles away, providing excellent transport links throughout the region. In addition, Chester-Le-Street railway station offers regular services to Newcastle, Durham, and beyond. Ample public parking is available close to the property.
DESCRIPTION
The subject property comprises a brick built, two-storey retail unit suitable for a range of uses (subject to planning). To the ground floor there is a large retail area and ancillary space to the rear. On the first floor there is further ancillary space.
ACCOMMODATION
Ground Floor - 83sqm (894sqft)
Ground Floor Ancillary - 45sqm (488sqft)
Second Floor Ancillary - 100sqm (1,076sqft)
Total 228sqm (2,458sqft)
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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