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Lot 21

6 Week completion

SITUATION

Located in the heart of the town centre occupying a prominent trading position on the pedestrianised retail thoroughfare close to Peterlee Bus Station and Castle Dene Shopping Centre amongst a host of multiples such as Greggs, Ladbrokes, Betfred, Subway, Scope, Store Twenty One, New Look, Select and many more.
Peterlee is located on the north-east coast, 7 miles north-west of Hartlepool and 10 miles south of Sunderland with good access being just off the A19.

PROPERTY

A mid-terraced building comprising a Large Ground Floor Retail Unit (an ex-Woolworths) with internal access to Ancillary/Store at first floor level. In addition, the property includes an enclosed Rear Yard and benefits from use of a rear service road.

ACCOMMODATION

Ground Floor Retail Unit
Gross Frontage 47'5”
Internal Width 45'7”
Shop Depth 91'10”
Built Depth 111'4”
Sales Area Approx. 3,900 sq ft
Store Area Approx. 1,120 sq ft
WC
First Floor Ancillary
Area incl. Store, Office, Staff/Kitchen Approx. 820 sq ft
3 WCs

Total Area Approx. 5,840 sq ft

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

15–16 Yoden Way, Peterlee, County Durham SR8 1BP