£140,000

Co-Operative Buildings

Description

LOCATION
The subject property is situated within a prominent local neighbourhood parade, with frontage onto Front Street in a predominantly residential area within the affluent town of Burnopfield.

Front Street (B6130) connects with the A692 within a short distance providing a link to the A1(M) within approximately 7 miles. The subject site is on a number of local bus routes, providing access to various regional towns. Burnopfield is approximately 10 miles south west of Gateshead, 13 miles south west of Newcastle upon Tyne City Centre.

DESCRIPTION
The subject property comprises of a ground floor retail premises available for immediate occupation. It is a stone built terraced building, the subject property benefits from CCTV, electric roller shutters and an alarm system. The property has potential to be a variety of different uses STP. The unit is also capable of subdivision.

ACCOMMODATION
Ground Floor 110.72m² 1,192ft²

RATING ASSESSMENT
Description RV Estimated Rates Payable
Bank and Premises £12,500 £6,237.50

We are advised that the rateable value of the premises as at 1 April 2017 is £12,500 and we have estimated the accrual 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.

EPC RATING
The property has an EPC rating of C65.

Asking Price
This property is available by way of long leasehold for a
sum of £140,000 (One Hundred and Forty Thousand Pounds). The property by way of a long leasehold for a term of 999 years from 25th July 2011.

VAT
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.

LEGAL COSTS
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.

VIEWING
For general enquiries and viewing arrangements please contact Joseph I’Anson at Bradley Hall.

Tel: 0191 232 8080
Email: joseph.ianson@bradleyhall.co.uk
Marc.pickering@bradleyhall.co.uk