Important Notice - Coronavirus (COVID-19)
  • For Sale By Unconditional Online Auction
  • Guide Price* : £45,000
  • Auction Ended 17/08/2021

25A Bowes Street, Blyth, Northumberland, NE24 1BD

GUIDE PRICE £45,000 - £55,000
FOR SALE BY ONLINE AUCTION ON MONDAY 16TH AUGUST FROM 12 NOON
For registration details, please visit auctionhouse/northeast.co.uk


Description

GUIDE PRICE £45,000 - £55,000
FOR SALE BY ONLINE AUCTION ON MONDAY 16TH AUGUST FROM 12 NOON
For registration details, please visit auctionhouse/northeast.co.uk

Commercial Property let on a five year lease

This commercial property is currently let as a beauticians and comprises Shop front with Rear office and store.
5 Year rental Lease in place since July 2020 offers a potential yield of 11.55% on lower guide.
Year 1 - £4680
Year 2 & 3 [from July 2021] Rent to increase to £5,200 per annum
Year 4 & 5 [increase to £5,720] per annum

Please Note: Auction House North East have not internally inspected this property.

Additional Fees
Buyer's Premium: £1,000.00
Administration Charge: £1,200.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

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* Guide | £45,000
  • Unconditional (Immediate Exchange)

Call the team on 0191 908 9691 for more information

Related Documents

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.