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3 bedroom property for sale
Durham Road, Birtley, Chester Le Street
£170,000
Durham Road, Birtley, Chester Le Street
£170,000
Our Summary
- Guide Price £170,000 + Moovd are delighted to offer For Sale via Option A - Online Unconditional Auction, this mixed-use property on Birtley High Street on the 25th April 2024
- The accommodation is split over two floors, with the full ground floor currently a vacant retail unit previously being used as a carpet shop, but with potential to be split into two separate units and approximately 157 square metres, in size
- Moovd may work in partnership with marketing agents on our online auction lots and act as 'The Auctioneer', throughout the sale process
- Option A - Online Unconditional Auction:The above property is been offered for sale by Online Unconditional Auction (Traditional Auction)
- They are not necessarily figures which a property will sell for and may change at any time during the timed auction
- Reserve Price:The property is offered subject to a Reserve Price (a figure below which we Moovd the Auctioneer cannot sell the property during the timed online auction) the reserve price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price
- All buyers will be asked to produce two forms of identification documentation, either as part of the Bidder Registration process of if they make an acceptable Pre-Auction offer, we would ask for your assistance in order that there will be no delay in agreeing the sale
Description
The property is a mixed-use building on Birtley High Street, consisting of a ground floor retail unit with two flats above. The ground floor has a vacant retail unit with potential to be split into two separate units, a rear store, and a WC. The first floor has two flats, a one-bedroom and a two-bedroom, both currently let at £375 PCM each, generating an income of £9000 per annum. The property has excellent access to the A1M and local amenities, and an internal viewing is essential to appreciate its potential. The guide price is £170,000, and Moovd may work in partnership with marketing agents on the online auction. The auction process requires both seller and buyer to complete the transaction within the timeframe stated in the General and Special Conditions of Sale. A non-refundable administration fee of £3,000 is required from the buyer, in addition to the purchase price, and a deposit payment of 10% or £5,000, whichever is greater.