Medomsley Road, Consett, DH8

£155,000

Guide price

  • Bedrooms: 2
For sale by Modern Method of Auction: Starting Bid Price £155,000 plus Reservation Fee.

OPPORTUNITY ALERT! This shop with two kitchens and storage areas is located centrally in Consett on Medomsley Road and was previously utilised as a successful cake shop and it is a great space is ideal for various uses (subject to planning). The first floor benefits from a two bedroom flat with lounge, kitchen and bathroom and could be very easily separated from the shop and achieve a rental income of around £450pcm as a minimum. EPC Grade D

Ground floor:ShopSitting Area 22' 0" x 28' 11" L Shape 14' 9" x 0' 0" (6.7m x 8.8m L Shape 4.5m x 0m )

Prep Kitchen 8' 6" x 10' 2" (2.6m x 3.1m )

Storage 7' 3" x 9' 6" (2.2m x 2.9m )

Storage 2 9' 6" x 11' 6" (2.9m x 3.5m )

WC 3' 4" x 5' 7" (1m x 1.7m )

Cooking Kitchen 7' 7" x 12' 9" (2.3m x 3.9m )

First FloorFlatLounge 13' 6" x 15' 1" (4.1m x 4.6m )

Kitchen 7' 7" x 12' 6" (2.3m x 3.8m )

Bedroom 1 11' 10" x 13' 6" (3.6m x 4.1m )

Bedroom 2 7' 3" x 10' 2" (2.2m x 3.1m )

Bathroom 5' 3" x 8' 2" (1.6m x 2.5m )

ExternallyAuction Terms

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. Upon close of a successful auction or if the vendor accepts an offer during the auction, there is no fee taken by the auctioneer however the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT ( £1,000.00) = ( £6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms. 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 Reeds Rains powered by iam-sold Ltd.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

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Reeds Rains - Consett

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