Retail in DH5
High Street, Easington Lane, Houghton Le Spring, Tyne and Wear, DH5 0JS
Online auction
- Located in the heart of the bustling community of Easington Lane
- Currently utilised as a thriving convenience store / deli establishment
- Brilliant opportunity to buy into the bustling market of Easington Lane
- Sold with vacant possession
Retail in DH5
*For sale via secure sale online bidding: terms and conditions apply.*
On offer is an excellent opportunity to acquire a commercial business premises located in the heart of the bustling community of Easington Lane, Houghton Le Spring. Currently utilised as a thriving convenience store / deli establishment, this commercial property provides the potential for continued business operation or transformation to suit a variety of commercial uses.
The property occupies a prime position in Easington Lane, benefiting from consistent footfall generated by the active high street and the regular patronage of the surrounding local community. The location also benefits from good transport links, including close proximity to public transport services, making it easily accessible for customers travelling from both the local and wider areas.
The building comprises a ground floor commercial retail space with ground floor WC facilities, an external brick outbuilding, and stairs leading to a first floor area currently utilised for storage. This upper floor space offers potential for alternative uses, subject to the necessary planning permissions and authorisation from the local council.
Given the vibrant community setting and the flexibility the property offers, this presents a fantastic opportunity to acquire a well-positioned commercial premises within the Easington Lane area.
Further information and viewing arrangements can be obtained from the Pattinson Estate Agents office. Please do not hesitate to contact us to discuss this excellent commercial opportunity.
Summary
- Property Type: Retail
- Tenure: Freehold
- Parking: Allocated
Location
The property occupies a prime position in Easington Lane, ensuring a consistent footfall driven by the high street's active footfall and the constant influx of consumers from the local community. The location enjoys good transport links including close proximity to public transportation services, making it easily accessible for patrons travelling from both local and wider areas.
Accomodation
The building consists of ground floor commercial space with ground floor WC, external brick outbuilding, stairs leading to a storage space - Both with vacant possession.
Tenure
Freehold. Title number TY388390
Rateable Value
The adopted rateable value is £3,600 as of 1 April 2023. Sourced from VOA
EPC
Available upon request.
Additional Information
For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.
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%, subject to a minimum £4000 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 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
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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