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Newgate Street, Bishop Auckland DL14 5 bed terraced house for sale
Newgate Street, Bishop Auckland DL14
£75,000
Newgate Street, Bishop Auckland DL14
£75,000
Our Summary
- Moovd Online Property Auctions are delighted to offer For Sale via Option A – Unconditional Online Auction on BUY IT NOW PRICE of £75,000 + Auction Fees of £8,700 inc VAT, this larger than average commercial unit, set over three floor and boasting 295 square metres of space
- The property could be used for a variety of uses and an internal viewing is considered essential to truly appreciate the full potential
- Shop Area - Corridor - Office - Kitchen - Cloaks Wc - Central Store - Store - Rear Store - Hall - Landing - Office - Large Rear Store - Landing - Office - 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 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)
- All buyers will be asked to produce two forms of identification documentation, either as part of the Bidder Registration process or if they make an acceptable Pre-Auction offer, we would ask for your assistance in order for there to be no delay in agreeing the sale
- BUY IT NOW PRICE of £75,000 Auction Fees of £8,700 inc VAT
- BUY IT NOW PRICE of £75,000 + Auction Fees of £8,700 inc VAT
- Offered For Sale via Option A - Unconditional Online Auction
Description
This larger-than-average commercial unit, spanning 295 square metres, is located in the heart of Bishop Auckland on Newgate Street. The property boasts three floors of space, including a shop area, office space, kitchen, toilets, central store, and rear store with access to a rear lane. The first floor features a separate entrance, office space, and additional storage areas. The property has a rateable value of £16,500 and is currently generating rental income until December 2025. The seller is looking for a buy-it-now price of £75,000 plus auction fees of £8,700 inc VAT, with a buyer's premium of £2,500 plus VAT. The property is being sold via an unconditional online auction, with a non-refundable administration fee payment of £3,000 inc VAT and a 10% deposit required from the successful buyer. The guide price is £75,000, and the reserve price will be set within the guide range. An internal viewing is highly recommended to appreciate the property's full potential.