Lot 1 - Hetton Social Club, Station Road, Hetton-le-Hole, Houghton-le-Spring, Sunderland, DH5 9JB
- Unconditional Online Auction Sale
- Guide Price* : £140,000
Freehold Development Opportunity
Description
The property is located on Station Road, one of the principal routes through Hetton-le-Hole, within an established residential area. Local amenities are available nearby, with Sunderland approximately 6.5 miles to the north-east and Durham and Chester-le-Street both within circa 5.5 miles. The A1(M) motorway is approximately 4 miles to the west, providing good regional connectivity, and regular bus services operate along Station Road.
The property comprises a detached two-storey former social club premises of traditional brick construction, understood to date from the late 19th century with later extensions. The accommodation is arranged over ground and first floor levels and includes former bar and lounge areas, function and pool hall space, ancillary rooms, welfare facilities and cellar storage.
To the rear, and within the curtilage, is a self-contained two-bedroom maisonette, understood to provide additional residential accommodation.
The property provides a total floor area of approximately 401.8 sq m (4,325 sq ft), subject to measurement.
Externally, the site extends to approximately 0.30 acres (0.12 hectares) and benefits from a large tarmac-surfaced car park together with a small service yard.
An agreement with Ezee Parking, there is an informal agreement with the dentist next door for five car parking spaces as below:
5 Car Spaces per calendar month part rental @ £25.00/month £ 125.00 PCM
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.
Council Tax Band
A
* 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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