Retail premises for sale in Clayton Street, Bedlington NE22

Summary

For sale by auction: Fees apply

We are pleased to offer to auction this mixed use premis, situated on the well located Clayton Road. The property comprises of a ground floor retail unit currently used as a hair salon. In addition to the retail unit, there is a newly refurbished two bed apartment with its own private rear yard for both the salon and the flat. Both the flat and the retail premises are immaculately presented. The ground floor salon is looking to sign a new lease agreement with the incoming landlord.

Terrific investment opportunity with potential rental yield 875 per cal month representing a gross yield of 12%. The first floor flat is being offered with vacant possession.

An early viewing is strongly advised to avoid disappointment.

Primary services supply

Electricity: Mains
Water: Mains
Sewerage: Mains
Heating: Mains
Broadband: Fibre
Mobile Signal Coverage Blackspot: No
Parking: On street

Mining

The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity. The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any.

Tenure

Freehold

council tax band: A

Location

The subject property is located along Clayton Street, situated within a sought after location and is ideally located close to transport links and local amenities to include shops and schools.

Accommodation

The accommodation briefly comprises of the following accommodation:- To the ground floor- hairdressing salon; under stairs storage cupboard; kitchen; rear Hallway with access to rear private courtyard; WC. To the first floor:-stairs to first floor from private courtyard at the rear; bedroom 1; first floor landing; bathroom; open plan kitchen/ lounge and bedroom 2. Externally there are 2 fully enclosed courtyards accessed from the rear.

Tenure

Freehold. Title numbers ND179582 & ND179583.

Rateable Value

The current rateable value is 4,650 (1 April 2023 to present).

Sourced from voa.

Council Tax

Band A.

EPC

Both available upon request (rating C).

Lease Details

We are advised that the tenant in the salon is paying 350pcm although the lease has expired and they are currently holding over. They have expressed a willingness to stay and would be willing to increase to 450pcm under new lease terms.

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.

Front Of Property

Extremely well presented front of property. Electric roller shutters to front of salon operated by remote to ground floor; UPVC double glazed Bay window to first floor.

Retail Space

The Hair Salon is immaculately presented and cared for by the current proud owner. The space comes fully fitted with central heating and large storage capacity hot water system. The space has a fully tiled floor, tastefully decorated walls and has fully plumbed basins for hair wash stations. The room has high quality lighting and a storage cupboard under the stairs.

Cloakroom WC

At the rear of the ground floor, off the rear hallway is a neatly presented cloakroom WC which has a low level WC and wall mounted hand basin. The room has a centrally heated radiator

Kitchenette

Behind the salon space is this well space planned and neutrally finished kitchen which has sink, fridge and base unit and shelving. The floors are fully tiled throughout.

Shop Rear Hallway

At the rear of the ground floor unit is the rear hallway with hot water cylinder and highly secure rear door to the fully enclosed rear yard.

Enclosed Rear Yard

This small and neat fenced enclosed space has space for bins and has access to the rear yard and shared rear lane.

Enclosed Yard For First Floor Flat

The property is accessed via the rear lane which has a coded padlock for entry off the side street adjacent to number 8 Clayton Street. The rear yard is both fence and brick enclosed rear yard and has a timber gate.

Flat Entrance Hallway And Stairs

Off the rear yard behind number 10 you access the first floor flat. The floors are fitted with a matt well and the stairs are newly carpeted throughout.

First Floor Landing

This newly decorated and carpeted landing leads to Bedroom 1, the main bathroom and the lounge/ kitchen.

Bedroom 1

Bedroom 1 faces the front of the property, is newly and neutrally decorated. There is space for a single bed and chest of drawers/wardrobe. There is a uPVC double glazed window and the room has a centrally heated radiator. The floors are fully carpeted throughout.

Main Bathroom

The bathroom faces the rear of the property and the window has privacy glass. There is a newly fitted bath which is fully tiled over, along with a low level WC and pedestal sink. There is a centrally heated radiator and the floors are fitted with tiled effect vinyl cushion floor.

Kitchen/ Lounge

The kitchen faces the rear of the property with a good sized uPVC double glazed window. It has been fitted with new base and wall units with contrasting roll top works tops. There is a stainless steel sink under the kitchen window, an electric hob and single oven. Under the counter there is a space for a washing machine. The room is carpeted with a small section of vinyl cushion flooring. The room has space for a sofa, coffee table and kitchen table.

Bedroom 2

Bedroom 2 leads off the lounge/kitchen and faces the front of the property. The space benefits from a uPVC glazed bay window and there is space for a double bed and wardrobe/chest of drawers. The bedroom has a centrally heated radiator and the floors are fully carpeted throughout.

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.