For Sale By Auction | 9:00, 14 September 2022 | Lot 111

2 & 2B Parker Terrace, Ferryhill, County Durham, DL17 8JY

Sold £61,000

  • Retail Property (high street)
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 14/09/2022

Auction Time

9:00

Auction Venue

Live Stream

A Pair of Self-Contained Shops Fully Let Producing £18,000 Per Annum

The property comprises a pair of self-contained shops situated within a mid terrace building arranged over ground and first floor levels.

Tenure

Freehold

Location

The property is located on a main road close to local shops and amenities as well as an Amazon warehouse situated approximately 4 miles from the property. Numerous green open spaces are also within close proximity. Transport links are provided by the A1 (M) motorway.

Accommodation

Ground Floor Two Retail Shops (Both with W/C)

Tenancy

The two shops are subject to a tenancy for a term of seven years commencing 1st February 2020 at a rent of £18,000 per annum.

The property has not been inspected by Auction House London. All information has been supplied by the vendor.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.