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Lot 24 - The Old Ticket Office, Burnhope Way, Peterlee, County Durham, SR8 1NT

Guide Price* £100,000

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Property Type
Commercial Property
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • In the same ownership for over 14 years
  • Freehold two storey detached self-contained office.
  • Prominent location
  • Situated directly opposite Castle Dene Shopping Centre & adjacent to Lidl Supermarket
  • Total NIA 228.89 sq.m (2,463 sq.ft).
  • Good transport links
  • Full Vacant Possession.

Freehold two storey detached self-contained office of approximately 228.89 sq.m (2,463 sq.ft) – Full vacant possession.

Description

The property comprises a two-storey detached office building of brick construction. The ground floor comprises a mixture of small meeting rooms / offices with a large reception and waiting area, kitchen, and disabled WC facilities. There are staff WC’s and shower facilities to the first floor as well as a large kitchen.

The property benefits from suspended ceilings throughout with a mixture of fluorescent strip lighting and spotlights as well as solid concrete floors with carpeted or vinyl covering. Heating is powered by a combi boiler on the first floor.

Location

Peterlee is located in County Durham, approximately 7 miles west of Hartlepool and 13 miles south of Sunderland. The town has a population of some 37,000 and has the benefit of excellent transport links situated immediately adjacent to the A19, which is one of the region’s major road networks.

The property occupies a prominent position on Burnhope Way, which is one of the Town’s major routes in/ out of the town centre. Easington Way Retail Park lies immediately to the rear of the property which comprises a Lidl Supermarket, Starbucks Drive Thru, KFC and Home Bargains.

The property is also situated directly opposite Castle Dene Shopping Centre, which is home to many major retailers including ASDA, B&M, Iceland, Boots, Costa and Argos.

Area Schedule

(Approximate dimensions)

Description Approximate Gross Internal Area (Sq.m) Approximate Gross Internal Area (Sq.ft)
Ground floor 118.39 1,274
First floor 110.50 1,189
Total 228.89 2,463
Note: We understand that all services are connected to the property, however we would advise all interested parties to carry out their own investigations in this regard.

Planning

The property currently has consent for uses within E use class. Potential for alternative uses may be considered subject to the necessary planning consent. Prospective purchasers must rely on their own enquiries in this regard.

Local Authority – Durham County Council Tel: 03000 26 0000 – www.durham.gov.uk

EPC Rating

D

VAT

Please refer to the legal documents.

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

Please note that Lots may be sold or withdrawn prior to auction.

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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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Documents

Property Map

Office Contact

Dominic Smith
07999023451
SW Property Auctions,
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87-88 Bartholomew Close,
London,
EC1A 7BL

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Sanderson Weatherall
James Fletcher
07894411871

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Farhan Hakim
0191 303 6462

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