COMMERCIAL STREET, WILLINGTON

AUCTION
  • Ground Floor Retail Unit.
  • Approx 104.3 m² (648ft²)
  • For Sale By Auction - T & C's Apply
  • Subject to an undisclosed Reservation Price
  • Reservation Fee Applicable
  • The Modern Method of Auction
  • Main Road Frontage
  • Large Display Window
  • Town Centre Main Street
  • Leasehold 999 Years Remaining
Description
For sale by Modern Method of Auction; Starting Bid Price £15,000 plus Reservation Fee. An opportunity to purchase a ground floor retail unit. Large display window. Approx 104.3 m² (648ft²).Commercial Street/High Street is the main commercial area and is located on the A690. This property is for sale by Great North Property Auction powered by iam-sold Ltd.

Auctioneers Comments
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by "The Great North Property Auction powered by iam-sold Ltd" or "iam-sold Ltd".

Commercial Street/High Street is the main commercial area and is located on the A690 highway which runs from Crook to Durham and onto Sunderland. Willington is a small town situated approximately 2 miles to the north of Crook town centre and approximately 7 miles from Durham City centre. The town's population is approximately 7,190. Mail line rail connections are available from Durham and Darlington. Air travel is available from Newcastle International Airport.

The surrounding area is occupied by a variety of independent retailers, local services, public houses and areas of residential housing.

Approximate Distances
Durham 7 miles, Bishop Auckland 5 miles.

Description
A good sized ground floor retail which has the benefit of a large display window and an electric roller shutter door to the rear. The premises has previously operated as a funeral parlour and most recently as a tattoo studio and hair & beauty salon.

Accommodation
Sales Area - 5.12 frontage, 4.27m deep

Store room

Treatment room 1
2.20m x 3.19m

Treatment room 2
2.08m x 2.91m

WC

Treatment room 3
3.18m x 2.22m

Kitchen
Rear store
6.14m x 5.11m & 2.38m x 2.09m

Rating Assessment (Internet enquiry)

With effect 1st April 2017
Description: Shop and Premises
Rateable Value £3,100

Legal Costs
Each party shall be responsible for their own legal costs.

Services
All mains services are connected/available to connect to.

Tenure
The property is leasehold with 999 years remaining and is available to purchase with vacant possession.

Rent & Service Charge
£1,000 per annum which is payable on 1st January in each year of the Term.

TO VIEW OR MAKE A BID
Contact Vickers and Barrass, Crook Office.
Starting Bid £15,000
Contact us about this property:
Crook Office
5 South Street, Crook, Co Durham DL15 8NE
Tel: 01388 766676
Fax: 01388 767560
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