STARTING BIDS £90,000 - THIS PROPERTY IS FOR SALE BY THE MODERN METHOD OF AUCTION *** FOR SALE BY MODERN METHOD OF AUCTION - RESERVATION FEE APPLIES Former Working Men's Club located close to Crook Town Centre in a predominantly residential area.
The property could be suitable for a variety of occupiers and developers , subject to the necessary planning consents.
The Club has only recently ceased trading and the premises would suit an hospitality operation.
The first floor function room is particularly attractive and versatile.
FOR SALE BY MODERN METHOD OF AUCTION - RESERVATION FEE APPLIES - STARTING BIDS £90,000
Ground floor- 350 sq m - 3,763 sq ft
Lounge, bar, snooker room, pool room, gents and ladies wc's.
First floor - 278 sq m 2,997 sq ft
Concert/function room, bar with serving area, rear kitchen, committee room , additional wc facilities.
Basement/cellar - 137.6 sq m 1,481 sq ft
The original attached Steward's accommodation has been sold off and does not form part of the sale.
The same applies to the car park.
Externally - yard and smoking area
Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.
Purchaser/tenant will be responsible for their own 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.
All measurements are approximate and are for guidance purposes only.
This 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 a 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 an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market.
The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed.
Copies of the Reservation from 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 The Great North Property Auction powered by iam-sold Ltd
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