Hotel/guest house for sale in Ocean Road, South Shields NE33

Summary

For sale by Online Auction : Terms and conditions apply.

We are delighted to offer to the market the opportunity to purchase this seven bedroom guest house, excellently located on Ocean Road, South Shields, just minutes from the beach. The subject building is a very prominent three storey property overlooking Ocean Road. The guest house has seven letting rooms with en-suites for each, two of the seven bedrooms are single rooms. The first floor of this property has a master bathroom with deep set bathtub, ground floor provides a great size communal living room, dining room, kitchen and rear yard access.

Location

The subject property is located on Ocean Road, South Shields, which lies approximately 8 miles north of Sunderland and 12 miles east of Gateshead. South Shields also lies within close proximity to the Tyne Tunnel with convenient links to the A19 and A185. This Guest House occupies a prominent position on Ocean Road. The area benefits from a reasonable level of services and facilities together with good levels of footfall and passing trade.

EPC

EPC available on request (rating C).

Tenure

Freehold. Title number TY46614.

Rateable Value

The adopted rateable value is 3,750 as of 1st April 2023.
Sourced from voa.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.