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Guide price
£59,950

Retail property (high street) for sale

Jubilee Terrace, Ryton, Tyne and Wear, NE40 4HL
Auction
Retail property (high street)
Added > 14 days

Features and description

  • Sought After Location
  • Ground Floor Commercial Unit
  • Vacant Two Bedroom Flat
  • Freehold Title
An excellent opportunity to acquire a ground floor commercial unit with a vacant two-bedroom flat above, located in the sought-after area of Ryton, Tyne and Wear. This versatile property offers tremendous potential for various business uses, whether as a retail, office, or service-based space, and the flat provides an ideal opportunity for residential letting or owner-occupancy.

Ground Floor Commercial Unit:
- Spacious retail or office space with large windows for natural light
- High foot traffic location on Jubilee Terrace, benefiting from local amenities and residential surroundings
- Suitable for a variety of business ventures such as retail, hospitality, or professional services
- Separate access for the flat above

First-Floor 2-Bedroom Flat:
- Two generously sized bedrooms, offering comfortable living space
-Private access via external staircase, ensuring privacy for residential tenants
- Property in need of refurbishment

Rooms

Location
The subject property is located along Jubilee Terrace, Ryton. It is close to all local amenities such as local shops and cafes. There is access to local transport within short walking distance.

Accommodation
The property comprises of a ground floor commercial unit with a vacant two-bedroom flat above, located in the sought-after area of Ryton, Tyne and Wear. This versatile property offers tremendous potential for various business uses, whether as a retail, office, or service-based space, and the flat provides an ideal opportunity for residential letting or owner-occupancy.

Tenure
Freehold: Title number TY294102.

EPC
To be confirmed.

Rateable Value
The adopted rateable value is £4,950 as of 1st April 2023. Sourced from VOA.

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.

About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is
central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300
members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many
property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have... Show more
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