Lot 14 - 20 Woods Terrace, Murton, Seaham, County Durham, SR7 9AE
- Unconditional Online Auction Sale
- Guide Price* : £29,000
Ground floor retail unit
Description
- Ground floor open plan retail unit
- Prominent town centre position
- Extensive glazed shop frontage
- Suitable for a variety of uses (STPP)
- Established commercial location
- Excellent transport links to Seaham, Sunderland and the A19
An opportunity to acquire a prominently positioned ground floor retail unit, situated within an established commercial parade in Murton town centre. Occupying a visible roadside location on Woods Terrace, the property benefits from a large glazed frontage and excellent exposure to both pedestrian and vehicular traffic.
The accommodation extends to approximately 42.6sqm (459 sqft) and comprises an open-plan retail sales area with a useful rear stock room and WC facilities. The flexible layout would suit a variety of retail, office, service-based or alternative commercial uses, subject to any necessary consents.
Murton is a well-established village in County Durham, located approximately 3 miles west of Seaham, 8 miles south-east of Sunderland and 15 miles east of Durham City. The property occupies a prominent position on Woods Terrace, one of the village's main commercial streets, benefiting from good levels of passing pedestrian and vehicular traffic and serving a substantial local residential population.
The property is situated within an established retail parade amongst a variety of local businesses and amenities. Murton also benefits from excellent transport links via the nearby A19, providing easy access throughout the North East, while Dalton Park Outlet and Retail Park is located less than a mile away, attracting significant visitor numbers and enhancing the area's commercial appeal.
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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