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Lot 13 Sold: £199,000

60 & 62 Newgate Street and 4, 6 & 8 Westgate Road, Bishop Auckland, Co. Durham DL14 7EQ

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Lot 13   Click here for addendum

Freehold Commercial/Residential Investment
Gross Yield 14.2% plus Vacant Flat
4 Week Completion

Situation

Located opposite the junction with Victoria Avenue within the town centre, adjacent to Santander and amongst other such multiple retailers as Savers, Admiral, Peacocks, Vodafone and Halifax.
Bishop Auckland is a market town which lies some 12 miles south-west of Durham and 14 miles north-west of Darlington.

Property

A mid terraced building comprising a Deep Ground Floor Shop and Rear Store together with separate rear access from Westgate Road to 3 Self-Contained Flats (2 x 2 Beds and 1 x 1 Bed) on the two upper floors.
In addition, the property includes a rear hard standing area for parking several cars accessed from Westgate Road.


VAT is NOT applicable to this Lot

FREEHOLD

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

*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.