Commercial Property in North Shields

72 Church Way, North Shields NE29 0AA
  • Lot No: 129
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Variable Fee

Guide Price* £40,000+ plus fees

Result Sold at Auction £44,000

Property Description

The property comprises a Ground floor commercial unit formerly a computer repair shop. The unit benefits from a prime trading location, roller shutter and is located within an area commerce with a public house and car repair centre within the immediate vicinity. The unit extends approximately 500 sq foot and we feel would provide a healthy yield or suit a small business looking for freehold premises. We advise interested parties to inspect the legal pack for more information. Note 72 Church Way is a sale of part of a freehold title, to be transferred to the buyer subject to any provisions contained in the special conditions which include exclusions of any warranties and it is important buyers take independent legal advice on this. Interested parties should inspect the legal pack for more information and note the inclusion and contents of the 2017 lease contained therein. We understand but can give no warranty that 72 Church Way is vacant and unaffected by this lease particularly given the property definition; however, again no warranties are provided in respect of its validity. Buyers are to rely on their own enquiries and are deemed to have independently verified all information and taken legal advice prior to bidding.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


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 Variable Fee (England and Wales). 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 fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price 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 27th April 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

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

Map

72 Church Way, North Shields NE29 0AA