Ocean Road, South Shields

FOR SALE VIA THE MODERN METHOD OF AUCTION

*For sale via secure sale online bidding: terms and conditions apply.*

South Shields is a coastal town located approximately 4 miles South East of the Tyne Tunnel, 8 miles east of Newcastle upon Tyne and 9 miles North West of Sunderland.

The nearby development of the South Shields transport interchange makes the unit easily accessible. The Masterplan Vision for South Shields sets out a framework for the future of the Town Centre over the next 10 years.

We calculate the approximate net internal floor areas to be:

Ground 116.86 sqm (1,257 sq ft)
Basement 8.52 sq m ( 92 sq ft)
Total 125.38 sq m (1,349 sq ft)

EPC Rating – Awaiting EPC

The rateable value of the premises as at 1 April 2023 is £13,500. Interested parties should confirm the current position with the Local Authority.

The property is available by way of long leasehold a guide price of £125,000 (One Hundred & Twety 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 le.gal costs involved in the transaction.

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the
Purchaser/Tenant to provide proof of the source of income.

For general enquiries and viewing arrangements please contact Bradley Hall.

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 of 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 property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. 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 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.