Commercial Property in Stanley

36 & 38 Front Street, Stanley, County Durham DH9 0HX
  • Lot No: 94
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £90,000+ plus fees

Result Sold at Auction £102,500

Property Description

Two retail units and producing £21,760 per annum combined. The property is situated in Stanley town centre amongst a variety of other commercial properties including both independent businesses and larger retailers. There are good transport links surrounding the property including strong road connections and a regular bus network. The two commercial premises are currently let and produce a combined income of £21,760 per annum. Please see documents within the legal pack for more information.

Rental Information:

36 Front Street - £10,000 per annum.<br>38 Front Street - £6,760 per annum.<br>Interested parties are advised to inspect the legal documents when available.


Floor Area:

Ground Floor 36 Front Street – 91.13 sq.m GIA<br>First Floor 36 Front Street – 61.06 sq.m GIA<br>Ground Floor/First Floor 38 Front Street – 74.94 sq.m GIA<br>Total - 227.13 sq.m GIA


Note:

The auctioneers have not inspected the property.


VAT

We are informed by the seller that VAT will be applicable on the purchase price at the current rate.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 31st March 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

36 & 38 Front Street, Stanley, County Durham DH9 0HX