Prominent town centre location opposite Blyth Bus Station and close to Keel Row Shopping Centre
Nearby occupiers include Poundstretcher, New Look and HSBC Bank
VAT-free bank investment
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 54
Auction 11th February 2016
Rent £21,800 per Annum Exclusive
Status Sold
Price £315,000
Sector Bank
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles north of Newcastle-upon-Tyne
31 miles north of Durham
Roads
A189, A193
Air
Newcastle Airport
Situation
The property is situated on the southern side of Bridge Street, at its junction with Stanley Street. Keel Row Shopping Centre is located close by housing occupiers including Holland & Barrett, WH Smith, Superdrug, New Look and Dorothy Perkins. Other nearby occupiers include Burton, Greggs, Poundstretcher and HSBC, Lloyds, Santander and Halifax Banks.
Tenure
Freehold.
Location
Miles
16 miles north of Newcastle-upon-Tyne
31 miles north of Durham
Roads
A189, A193
Air
Newcastle Airport
Situation
The property is situated on the southern side of Bridge Street, at its junction with Stanley Street. Keel Row Shopping Centre is located close by housing occupiers including Holland & Barrett, WH Smith, Superdrug, New Look and Dorothy Perkins. Other nearby occupiers include Burton, Greggs, Poundstretcher and HSBC, Lloyds, Santander and Halifax Banks.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first floor and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact George Watkins. Email: george.watkins@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first floor and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact George Watkins. Email: george.watkins@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
20 years from 16/04/2008 (2) on a full repairing and insuring lease (3)
£21,800
16/04/2017 16/04/2022 (15/04/2028)
Totals
264.30 sq m
(2,845 sq ft)
£21,800
(1) For the year ending 31st December 2014, Barclays Bank Plc reported pre-tax profits of £2,309,000,000 and a total net worth of £55,576,000,000. (Source: Experian Group 14/01/2016) (2) The lease provides for a tenant option to determine on 16/04/2023. (3) The property is held on a full repairing and insuring lease subject to a schedule of condition.
