No longer on the market
This property is no longer on the market
Floorplan
MapRetail property (high street)
Features and description
Available to purchase is a portfolio of 3x ground floor retail units, conveniently located along High Street, Felling. The units comprise a tenanted vape shop (generating £4,160pa), a former photography shop now used as a games store tenanted at £4,680 per annum, and a large vacant retail space. The vacant retail unit was formerly two separate units, converted into one large accommodation, and holds potential to be split in future if desired.
Rooms
Location
The subject property is located along the thriving high street in Felling, Gateshead. From the Gateshead Town Centre it is approximately 1.6 miles. It is also located in the centre of the Felling shopping district.
Tenure
Freehold. Title number TY480580.
EPC
We currently await copies of the Energy Performance Certificates.
Rateable Value
The adopted rateable values are as below as o 1st April 2023:
93 High Street: £2,950
95 High Street: £3,600
97-99 High Street: £5,300
Sourced from VOA.
VAT
We are advised VAT is payable on transaction.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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