Mixed Use
A prominently located property comprising two self-contained retail/office units together with a two bedroom flat above.
61 George Street is positioned on the corner and comprises a self-contained retail area and toilet. 1 Albert Street is located to the rear and comprises two rooms, a store and toilet. The flat is separately accessed off Albert Street and is independently metered.
LOCATION
The property forms part of an established parade of mixed-use commercial premises and is positioned at the junction with Albert Street and George Street (A52) approximately ¼ of a mile to the east of Newcastle town centre. The property has excellent road connections and there are numerous on-street parking opportunities nearby.
ACCOMMODATION
61 George Street
Sales area: 275 sq ft
WC: -
NIA: 275 sq ft
1 Albert Street (ST5 1JR)
Room 1 133 sq ft
Room 2 54 sq ft
Store: 12 sq ft
WC: -
NIA: 199 sq ft
1a Albert Street (first floor flat)
Living room: 13’3” x 13’6”
Kitchen: 10’3” x 6’6”
Utility: 5’9” x 10’0”
Bathroom: 10’0” x 6’9”
Bedroom 1: 13’0” x 13’3”
Bedroom 2: 12’3” x 5’9”
Total NIA 912 sq ft.
VAT
The sale price is not subject to VAT.
SERVICES
We understand that mains water, drainage and electricity is connected. No services have been tested by the agents.
Interested parties are advised to inspect the legal pack prior to bidding.
These sales details are awaiting vendor approval.
Rivers and Seas No Risk. Surface Water Very Low.
O2, EE, Three and Vodafone are available.
Standard 14 mbps<br>Superfast 80 mbps
BT and Sky are available.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers 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 Price
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.
