Mixed Use
DRAFT DETAILS:
The property is located just off the main retail parade of Ashington, the primary and pedestrianised shopping location of the town. The unit comprises a ground floor retail sales area with ancillary storage, staff room, kitchen and WC facilities to the rear. There is a residential flat at first floor level and the property is of brick construction under a pitched tiled slate roof. Delivery access and parking is available to the rear elevation. Viewings are highly recommended.
Occupiers in the immediate vicinity include Argos, Wilko, Post Office and Shoe Zone. Ample parking is available nearby and directly outside of the premises. Ashington is a former mining town situated in Northumberland. Ashington is located 5 miles east of Morpeth and approximately 17 miles north of Newcastle upon Tyne.
The auctioneers have not inspected the property but believe it to comprise:
Retail Area One: 469 Sq. ft (43.6 Sq. m)
Retail Area Two: 464 Sq. ft (43.1 Sq. m)
Retail Area Three: C:333 Sq. ft (30.9 Sq. m)
Kitchen 47 Sq. ft (4.4 Sq m)
Residential accommodation.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
