Lot 92 - 87 Great Lime Road, West Moor, Newcastle upon Tyne, Tyne and Wear, NE12 7NJ
- Unconditional Online Auction Sale
- Guide Price* : £145,000
Two Storey Commercial Unit
Description
The property occupies a prominent main road position fronting Great Lime Road, within the well established suburb of Westmoor, approximately 5.5 miles north of Newcastle City Centre and around 7 miles west of Whitley Bay The location benefits from strong passing traffic and good visibility Surrounding areas include Forest Hall, Longbenton and Killingworth. Located roughly 5.5 miles north of the city centre, this area is known for its high-traffic location, serving as a link between the A19 and A189. It is a primarily commercial spot, near global retailers.
The property comprises a two storey former showroom of solid cavity brick construction, under a pitched tiles roof. The rear extension to the rear and east elevation is beneath flat felt roof, offering warehouse and storage accommodation, including a mezzanine level. The ground floor benefits from a large glazed frontage with full width uPVC fascia signage.
Internally, the accommodation is arranged over the ground, first and second floors and has been stripped back providing open showroom space. The property could be used for alternative uses subject to planning permission. The property has been stripped back to a basic shell, providing a blank canvas for a new occupier While the building requires full renovation, it is likely to appeal to developers or owner occupiers seeking an opportunity to add value.
Unrestricted on street parking is available to the front and rear of the property.
Ground floor 234.7 m² 2,527 ft²
First floor 93.1 m² 1,002 ft²
Second floor 35.0 m² 376 ft²
Total 362.8 m² 3,905 ft²
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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