For Sale By Auction | 12.00, 31 July 2019 | Lot 55

22 Seaside Lane, Easington Colliery, Peterlee, County Durham, SR8 3PG

Sold £18,000

  • Commercial Property
  • Tenure: Virtual Freehold. The property is held on a 999 year lease.

Call the team on 020 7625 9007 for more information

Auction Date

Wed 31/07/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

Viewing Times:

Tue 16 Jul

11:00-11:30

Sat 20 Jul

14:45-15:15

Thu 25 Jul

11:00-11:30

A Vacant Three Storey Mid Terrace Building Arranged as a Ground Floor Shop with Office/Ancillary Space Over First & Second Floors. Potential to Convert Upper Floors to Residential (Subject to Obtaining all Relevant Consents).

The property comprises a mid terrace building providing a ground floor lock up shop most recently used as a Funeral Directors with office/ancillary space to the first and second floors. The property requires a program of refurbishment but offers potential for conversion of the upper floors to residential accommodation (subject to obtaining all relevant consent).

Tenure

Virtual Freehold. The property is held on a 999 year lease.

Location

The property is situated within an established parade predominantly occupied by local traders. Nearby multiples include Boots and Co-op. Durham Heritage Coast is less than a kilometer away.

Accommodation

Ground Floor Shop/Storage Area: 42.8 sq m (460 sq ft) First Floor Three Office Rooms and Ancillary Space 40.6 sq m (437 sq ft) Second Floor Office/Ancillary Space 18.8 sq m (202.3 sq ft)

Exterior

The property benefits from a rear yard.

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.