Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £ 160,000.

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.



AUCTION INVESTMENT OPPORTUNITY

The property is currently split into two apartments, subject to planning the building could be converted into a generous FOUR bedroom Townhouse or the ground floor could be reinstated into a commercial unit subject to the relevant planning.

Currently the ground floor is a ONE bedroom apartment has its own private entrance, accommodation comprises of lounge, bedroom, dressing room, luxury bathroom, rear hallway and kitchen with separate utility.

The top Two floors are at present a contemporary THREE bed apartment with a private entrance from Front Street and second entrance to the rear of the property from Oak Street where there is a small private courtyard.

A spacious hallway leads to an open plan kitchen/diner/lounge, the striking kitchen is finished with oak worktops and provides breakfast bar seating, the open plan layout makes it perfect for entertaining. Completing this floor there is a large double bedroom, small double/office and luxurious bathroom with black taps & fittings and double shower head. To the first floor there is spacious double bedroom with a dressing area.

Externally there is a small courtyard to the rear of the property which is ideal for alfresco dining.

Shotley Bridge village is a sought-after residential area and has a charming range of local shops and amenities including a primary school (infant and junior schools). The nearest town of Consett is only 1.5 miles away and provides a wider range of shops, supermarkets and sporting facilities. There are several popular countrywide walks along the River Derwent and further into neighbouring Northumberland. The C2C cycle route on the Derwent Walk is also close by. It is well positioned for access to Newcastle and Durham, both within 15 miles, making it an excellent location from which to commute.

EPC RATINGS
Ground Floor E
First Floor D

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'.

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 Marketing Agents or via The Auctioneers website.

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

The property is being sold via a transparent online auction.
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. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

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.

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 of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. 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 necessary or beneficial to the customer to pass their 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.



Council Tax Band: A
Tenure: Freehold