November 2020: Tuesday 03 November 2020 - 9:00am
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    Key features

    • GSK are a major local employer creating excellent tenant demand
    • Large well appointed flats in good condition
    • Ground floor retail unit let to Marie Curie
    • Full rents paid through recent lockdown


    Description

    The property comprises a three-storey stone built grade II Listed building with ground floor shop and 4 recently refurbished flats over first & second floors with independent side access. 

    Additional information

    Tenure

    Freehold

    Accommodation

    4 flats, 2 x 2 bed and 2 x 1 bed - recently refurbished to a high standard and are configured with new fitted Kitchen diner, Bathroom/WC, bedroom(s) and private entrance hall. They are very well proportioned, and a schedule of room sizes can be provided on request.


    Shop provides approximate net internal areas:

    Net Frontage 6.5m (21’ 04”)

    Net Internal Width 6.5 m (21’ 04”)

    Shop Depth 11.4 m (37’ 05”)

    Ground Floor Sales 67.0 m2 (722 sq ft)

    Ground Floor Ancillary / Sales 49.8 m2 (536 sq ft)

    Rear Stores 65.4 m2 (704 sq ft) Kitchen 12.0 m² (129 sq ft) WC

    Tenancy

    Shop - held on a 10 year lease to Marie Curie expiring 9 February 2024 and subject to an upward only rent review in February 2019. Shop rent £18,500 pax based on an FR&I Lease with Schedule of Condition. The tenant removed their break in 2019 by agreement.


    All 4 Flats are let on 6 month Assured Shorthold Tenancies:

    Flat 1, 23c - 1x Double bed £375.00 pcm commencing 25/08/2018

    Flat 2, 23b - 1x Double bed £395.00 pcm commencing 16/05/2018

    Flat 3, 23a - 2x Double bed £450.00 pcm commencing 22/09/2017

    Flat 4, 23d - 2x Double bed £450.00 pcm commencing 23/12/2017

    Total Gross residential income £20,040 pa


    Notes

    VAT is applicable to this lot

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

      Local information

      Barnard Castle is located just north of the A66 and approximately 16 miles West of Darlington

      The popular Market Town is situated in North Yorkshire with an affluent residential population.

      The property occupies a prominent location in Horsemarket opposite Costa Coffee and Boyes Department Store, next to Specsavers which opened in August 2019 and close to Coop, Heron Foods, Holland & Barrett, Boots, Fat Face and recently opened Newcastle Building Society.

      Free surface parking is available on Market Place immediately adjacent and in Galgate close by.

      Transport

      Darlington (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