Lot 10 - 9 Dorothy Terrace, Sacriston, County Durham, DH7 6LG
- Unconditional Online Auction Sale
- Guide Price* : £60,000
Ground Floor Retail Unit
Description
An excellent opportunity to acquire a substantial ground floor commercial premises extending to approximately 142sq m (1,566sqft), offering exceptional flexibility for a range of uses.
Positioned in the centre of Sacriston, this versatile property benefits from prominent frontage onto Witton Road and comprises a series of offices, storage rooms, staff facilities and ancillary accommodation. The layout includes two independent front entrances and two rear access points, making the building particularly well suited to redevelopment.
Subject to the necessary planning permissions and consents, the property offers strong potential for conversion into two self-contained residential apartments (proposed as one two-bedroom and one one-bedroom flat) or a mixed live/work space.
Additional features include:
Private off-street parking to the rear for up to four vehicles
Separate utility provisions to support subdivision
Partial replacement uPVC double glazing
Mains gas central heating
Freehold ownership of the ground floor premises
Vacant possession on completion
The property is currently arranged as nine principal rooms and has been occupied by the current owner’s business for many years. The upper floors are held separately under a long leasehold interest with approximately 969 years remaining.
This is a rare investment and development opportunity in a well-established village location, ideal for investors, developers or owner-occupiers seeking a property with significant potential.
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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