Retail premises for sale

Alexandra Terrace, Wheatley Hill, Durham DH6

Summary

For sale via secure sale online bidding - terms and conditions apply.

Substantial Freehold Mixed-Use Property | Vacant Possession | No Upper Chain | Approx. 1,697 sq ft | Excellent Development Opportunity (STPP)

An exciting opportunity to acquire a substantial freehold mixed-use property occupying a prominent corner position within the centre of Wheatley Hill. Offered to the market with vacant possession and no upper chain, the property extends to approximately 1,697 sq ft (158 sq m) and presents an excellent opportunity for investors, developers or owner-occupiers seeking a project with significant potential.

Previously operating as a takeaway with residential accommodation above, the property now requires a programme of refurbishment and modernisation throughout to bring it back to a fully usable standard. However, its generous floor area, flexible layout and prominent location provide an excellent platform for a variety of future uses, subject to the necessary planning permissions.

The ground floor comprises a former commercial unit with a large open-plan trading area, office, lounge, dining room, utility room and WC. To the first floor are three well-proportioned bedrooms, a kitchen and shower room, providing spacious residential accommodation with scope for improvement.

The property lends itself to a number of potential uses including continued mixed-use occupation, full residential conversion, apartments, HMO accommodation, offices or alternative commercial uses, all subject to obtaining the relevant planning consents.

Occupying a highly visible corner plot on Alexandra Terrace, the property enjoys excellent roadside frontage and is conveniently located for local amenities and transport links.

The property occupies a prominent corner position on Alexandra Terrace within the centre of Wheatley Hill. The village benefits from excellent road connections via the A181 and A19, providing easy access to Durham City, Sunderland, Hartlepool and Peterlee. A range of local shops, amenities and public transport links are all within walking distance

Location

Wheatley Hill Village in County Durham with local amenities like shops, schools, and parks. Wheatley Hill is around 8 miles from Durham City, offering easy access to wider shopping, transport, and cultural attractions. The village has good bus links and nearby road connections to the A1(M), making it convenient for commuting to Peterlee, Sunderland, and beyond.

Accomodation

Ground floor - Commercial unit, positioned at the front of the property with separate access

First Floor - Residential, Separate entrance - The residential element of the property features generous living space spread across two floors, including well-proportioned bedrooms, a family bathroom, a kitchen/dining area, and reception room.

Tenure

Freehold Title number DU94045

Rateable Value

The current rateable value below:
3,850 (1st April to Present)

EPC

EPC rating B - Commercial unit

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 referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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.

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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.