Commercial Shop, Spennymoor, Durham, DL16 6SH

Durham Road, Spennymoor, UK

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Auction Starts

April 3, 2019 12:00 pm

Auction Ends

April 8, 2019 12:30 pm

(Unless Sold Prior)

  • To do so, please contact the auction team and put forward your absolute best bid. As you are asking the seller to close the auction early your offer should be very strong, at the top end or above the guide price. If all terms are agreed, the purchase will adhere to auction rules and terms of the sale.

Starting Bid

£ 27,500

(Fees Apply)

This property is sold subject to a non-refundable reservation fee of 3.5% + VAT with a minimum of £3,600 inc VAT. This does not form part of the purchase price.

0 Bids

  • There are no bids for this property.
  • Freehold
  • 1 Bathrooms
Robinsons Spennymoor
01388420444

Cheapside, Spennymoor, UK, DL16 6QE

Reservation Fee Calculator

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Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

  • Freehold
  • 1 Bathrooms
Robinsons Spennymoor
01388420444

Cheapside, Spennymoor, UK, DL16 6QE

Reservation Fee Calculator

- - -
- - -

Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

8 Durham Road, Spennymoor, DL16 6SH

GUIDE PRICE £27,500+ Plus Reservation Fee

 

Property Overview

The property is located on the corner of Durham Road and Brook Street with the Town Centre in close proximity with a variety of local shops, post office and other amenities. Spennymoor lies approximately six miles south of Durham, convenient for access to the A1. There are a number of on street and public car parking facilities throughout the immediate vicinity. This is a small business and is Freehold with a rateable value of £2550 per annum. The property has been a local shop for approximately one hundred years with the current occupier being there twenty seven years. The accommodation comprises of FRONT SALES AREA, USEFUL REAR ROOM with a SINK and STORAGE and SEPARATE CLOAKROOM/WC.

SOLD WITH VACANT POSSESSION

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price.

The Reserve Price will only be disclosed once it has been met during bidding and not before. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Conditional Online Auction Details

Every online bidder must first create an account at www.underthehammer.com/account/create/

Once you have registered, you will be able to search, download legal documents, arrange viewings and contact the Agents, Auctioneers and the solicitors if you have queries on the property. 

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 28 days within which to exchange. If you fail to do so, you may lose your reservation fee. During the 28 day reservation period, the seller is not able to accept other offers.  The sale of each Lot is subject to a reservation fee (additional to the purchase price) of £3,600 inc VAT. The reservation fee does not contribute towards the purchase price.  Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract which can be found in the legal pack.

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.