Starting bids £135,000 - FOR SALE BY MODERN METHOD OF AUCTION - BUYER'S PREMIUM/RESERVATION FEE APPLIES - Excellent opportunity to purchase a useful industrial site of approximately .68 of an acre , with a Nissen style warehouse incorporating office and amenities.
The property has until recently been occupied by a roofing supplier, but would suit a varied array of occupiers.
There is the additional benefit of future potential development , and is located in an area which is currently seeing substantial redevelopment with plans for various office and leisure developments.
These include the Sage , Gateshead, Encore Hotel and the new Gateshead College Campus , all within 500 meters of the subject premises.
Hawks Road leads onto the A184 Askew Road and Tyne Bridge interchange- approximately 1 mile to the west.
EXCELLENT OPPORTUNITY WAREHOUSE AND YARD FOR SALE BY MODERN METHOD OF AUCTION
Warehouse - 626 sq m - 6738 sq ft
office - 66.5 sq m 716 sq ft
Overall site Site 0.68 acres
Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.
FOR SALE BY MODERN METHOD OF AUCTION - BUYER'S PREMIUM/RESERVATION FEE APPLIES
The ingoing purchaser/tenant will be responsible for our Client's reasonable legal costs incurred in connection with this transaction together with any Stamp Duty and VAT where applicable.
All offers where made silent of VAT are deemed to be made exclusive thereof.
AUCTIONEERS COMMENTS The property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and further 28 days thereafter to complete.
Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Upon close of a successful auction or if the vendor accepts and offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of £5,000 plus VAT which secures the transaction and takes the property off the market.
The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed.
Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
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.
Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by iam-sold Ltd or "iam-sold Ltd".All measurements are approximate and are for guidance purposes only.
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To arrange a viewing for Former Gap Roofing Premises Hawks Road, NE8 please submit your name, email address and contact number. We'll get straight back to you to arrange a suitable date and time for you to view this property.