A rare opportunity to purchase a commercial unit with a 2 bedroom flat above by auction. Situated on Alexandra Road in Ashington on a block with other, occupied, commercial units.
On the ground floor is a decent size commercial unit, formerly used as a printers. There is a reception/sale area to the front and two large open spaces to the rear that could be converted for many uses. There are toilets and hand washing facilities. Access to the first floor flat above. Size - approx 1,100sq ft.
The flat has 2 bedrooms, a living room and dining kitchen and a bathroom with brown suite. Size - approx 530 sq ft
There are shutters to the front door and window of the commercial unit and shutters on the rear fire doors.
EPC - E
The property does require some refurbishment.
There is a starting price of £70,000
This property is for sale under traditional auction terms and should you view, o er or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts. On exchange of contracts, the buyer is required to make payment of a 10% deposit, sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the nal agreed sale price including VAT. This is subject to a minimum payment of £6,000 inc VAT and is paid in addition to the agreed purchase price. The Reservation Fee will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. The Reservation Fee is paid in addition to the nal negotiated selling price. The Reservation Fee will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
This property is marketed with a Buyers Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property and a prudent buyer is expected to view the property and complete their own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained with this pack. The winning buyer will also make payment of £300 inc VAT towards the preparation cost of the pack, where it has been provided by iamsold.
Bidders will be required to register and go through an identification verification process with iamsold Limited and provide proof of how the purchase would be funded.
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change.
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will bene t you; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted, please be aware that the Auction Coordinator or Partner Agent may receive payment for the recommendation. Where this is the case, the Partner Agent and Auctioneer will inform you of any referral arrangements and any payment they will receive, prior to any services being taken by you.
For further information on this property please call 01670 855050 or e-mail [email protected]