For sale by auction: 21/01/2021 12:00. Terms and conditions apply.
We are pleased to offer for sale by auction this two storey property. The property briefly comprises of a Caf to the ground floor with office space above. The subject property is located on Austin Boulevard, within the Quay West Business Village development. The property is well located within an established business park with easy access to local amenities and transport links. We are advised the property is currently let on a 5 year lease commencing June 2020 at 17,250 + VAT per annum.
The subject property is located on Austin Boulevard, within the Quay West Business Village development. The property is well located within an established business park with easy access to local amenities and transport links. The closest bus stop is a short walk away as well as having access to main roads (A1290&A1231). The subject property is located 13 miles south east of Newcastle upon Tyne and 1.4 miles north of Sunderland City Centre.
Main sales area - 51.6sqm (555.4sqft)
Main office area - 55.6sqm (598.4sqft)
nia - 107.2sqm (1153.8sqft)
The adopted rateable value of the ground floor is 5,000 and the first floor office space is 5,000 as of 1st April 2017.
Sourced from voa.
We are advised the property is currently let on a 5 year lease commencing June 2020 at 17,250 + VAT per annum.
Long leasehold. Title number TY494641,125 years from December 2009.
Available upon request (rating C).
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.
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 enquiry, bid or viewing of the subject property will require your details being 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 under 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.
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 of identity process in accordance with Anti Money Laundering procedures.
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between 2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on 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. 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 obligation to use these recommended suppliers or services.