Drinking Establishment in DH9
Catchgate, Catchgate, Stanley, Durham, DH9 8LB
Online auction
- Sold as seen
Drinking Establishment in DH9
FOR SALE VIA AUCTION: terms and conditions apply.
An exciting development opportunity in the heart of Catchgate, Stanley, offering huge potential for investors, developers, or business owners looking to create something special for the local community.
Formerly operating as The Smith Arms, this substantial property occupies a prominent position and offers versatile accommodation across two floors. The ground floor was previously used as a public house and has unfortunately suffered fire damage, requiring full refurbishment throughout. However, for those with vision and imagination, this presents an excellent opportunity to restore and transform the space into a thriving commercial or mixed-use premises.
To the first floor are multiple rooms which were previously rented out, offering further scope for redevelopment or reinstatement subject to the necessary works and consents. The property has also benefited from a previous extension, creating additional space and flexibility for a variety of future uses.
Subject to the relevant planning permissions, the building could lend itself to numerous possibilities including hospitality, residential conversion, supported accommodation, offices, retail space, community use, or other commercial ventures.
Properties with this level of potential rarely come to market, and early viewing is highly recommended to fully appreciate the scale of opportunity on offer
Summary
- Property Type: Drinking Establishment
- Parking: Allocated
Location
Accommodation
Tenure
Freehold. Title number DU163101 & DU330368.
EPC
We await a copy of the EPC.
Additional Information
For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial.ne@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.
Floor Plan
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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