FacebookLinkedInYouTubeInstagram
    Auction House London
    Lot 67
    33 Front Street
    Leadgate, Consett, County Durham, DH8 7SB
    Sold for £31,000.
     
    All
    Number 1
    A Freehold Investment Comprising a Two Bedroom First Floor Flat Subject to an Assured Shorthold Tenancy Producing £4,680 per annum and a Ground Floor Shop Sold Off on a Long Lease.

    Description

    The property comprises a two bedroom first floor flat situated above commercial premises within a mid terrace building arranged over ground and first floors. The property has been recently refurbished and benefits from double glazing.

    Tenure

    Freehold

    Location

    The property is situated amongst the shops and amenities of Front Street. The open spaces of Eden Park are within easy reach. Transport links are provided by the nearby A693 which provides access to the A1(M) motorway.

    Tenancy

    The flat is subject to an Assured Shorthold Tenancy agreement from 11th May 2015 for a term of 12 months at a rent of £90 per week.

    The shop is sold off on a 999 year lease at a peppercorn ground rent

    Bold Black Text

    Current Rent Reserved £4,680 per annum
    Enquire
    Finance Available
    Insurance Quote
    Stamp Duty Calc
    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
    Share this lot

    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.

    Click Here for our Notice to Prospective Buyers

    Contact Our Property Experts