Auction House London

Lot 95

Mixed Use - Commercial Property 

18 Clyde Terrace

Spennymoor, County Durham, DL16 7SE

Sold for £54,000

A Commercial & Residential Investment Producing £11,080.16 per annum

Description

The property comprises a two storey mid terraced building arranged as a ground floor shop and a two bedroom flat on the first floor.

Tenure

Freehold

Tenure (2nd Column)

The property forms part of an established shopping parade in Spennymoor. Nearby multiples include Aldi, Asda and numerous local established traders. Transport links are provided by easy access to the A1 (M) Motorway Junction 61.

Viewing Details

There are no internal viewings
For more information, please contact Jordan@auctionhouselondon.co.uk

Addendum

There is no open plan kitchen in the first floor flat.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Shop Ground Two Rooms, Kitchen, Shared Rear Yard, Outside Storage Lock-Up Let on a 5 year commercial lease from 28th November 2018 at a rent of £115 per week. £5,980
Flat First Two Bedrooms, Reception Room, Bathroom with WC and wash basin. Let on an AST commencing on 26th November 2018 at a rent of £98.08 per week. £5,100.16

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( 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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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