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    Key features

    • Of interest to investors
    • A single storey detached building
    • Arranged as two self-contained retail units
    • Trading as a second hand shop and general store
    • Investment producing a current rental of £13,750 per annum

    Description

    A traditional brick built single storey detached building with a pitched and tile covered roof.

    Joint Agent - Greig Cavey www.greigcavey.com

    Contact Simon Cavey - Telephone 01429 275791


    Additional information

    Tenure

    Leasehold - 99 years from May 1974 at a ground rent of £800 per annum

    Notes

    In 2019 the seller agreed to purchase the freehold interest for £13,500 from the local authority (now Believe Housing Association) but this was not taken any further. Interested parties would have to rely on their own enquires in this regard.


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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Situated off Blandford Place. There are several other local retailers nearby.

      These shops serve a large and well established residential catchment area

      The principle retail area of the town is a short distance to the east.


      Transport

      Seaham Station - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums