Starting price of £55,000
The subject property is located on Edward Street in Blyth. Edward Street is situated within a predominantly residential location next to Crofton Court Care Home and Blyth Community Hospital, and within 0.2 miles of Blyth town centre.
The property is situated 100 yards from the A193 which is a main road through Blyth, linking with the A189 to the north west and Newcastle upon Tyne city centre to the south west, via the North Tyneside coast.
Blyth is a coastal town in Northumberland which is situated to the south of the River Blyth. Blyth is 4 miles north of Seaton Sluice, 4 miles east of Bedlington and 7.5 miles south east of Ashington.
The subject property comprises a detached building which is arranged over ground floor. Internally, the property offers an open plan hall area with additional kitchen, storage and WC facilities.
Externally, there is a small yard area which is currently grassed with a path.
The property has most recently been a scout centre but may be suitable for a variety of uses, including development, subject to obtaining planning permission.
Site area 0.06 acres
Awaiting EPC Rating.
||Estimated Rates Payable
|Hall and Premises||£1,800
We are advised that the rateable value of the premises as at 1 April 2017 is £1,800 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.
The property is for sale by way of auction. The freehold is available with a starting price of £55,000 (Fifty Five Thousand Pounds).
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Each party is to bear their own legal costs involved in the transaction.
MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
For general enquiries and viewing arrangements please contact Nicholas Bramwell at Bradley Hall.
Tel: 0191 232 8080
Or I Am Sold on 01482 426 316
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.