FOR SALE BY AUCTION WITH VACANT POSSESSION

Substantial Mixed-Use property situated on a well-known street within Stockton-on-Tees. This building offers so much scope and potential with the possibility of retaining the ground floor as a retail unit and converting the living accommodation on the first and second floors to flats or bedsits in order to maximise rental income, subject to the relevant planning consent. To the ground floor retail unit offers storage accommodation and has recently operated as a convenience store. A staircase from the storage area leads up to the spacious living accommodation across the first and second floors. Access is available from the front and rear.

Tenure

See Legal Pack

N.B. This property carries a Buyers Premium of £500 + VAT as well as an Administration Fee of £600+ VAT The property is being sold on behalf of the joint LPA Receivers. The Receivers are acting as agent on behalf of the borrower and shall have no personal liability under or in connection with any document/information herein enclosed nor in relation to any such related matter or claim howsoever, whenever and wherever arising and whether such claim be formulated in contract or tort or both or by reference to any other remedy or right and in whatever jurisdiction or forum in respect of the property.

Ground Floor

Retail Unit Storage Room

First Floor

Landing Lounge Bedroom Kitchen Bathroom

Second Floor

Bedroom Bedroom Bedroom Bathroom

Services & Appliances

Please note that any services, heating systems or appliances have not been tested, and no warranty can be given or implied as to their working order.

Directions

From Yarm Lane turn left onto Bowesfield Lane.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Stockton-on-Tees Borough Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.