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Retail premises for sale

£27,500 (£31.43/sq. ft) Guide price

Avalon Drive, Newcastle Upon Tyne NE15

875 sq. ft*
Interested in this property? Call +44 191 686 1492 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Six Garages
  • Tenanted Investment
  • Total Income of 3,000 pa
  • Manual Shutters
  • Residential Area
  • Eaves Heights 1.98m to 2.15m

Property description

Summary

Property sold under unconditional auction terms and conditions. Reservation fee applies.

Pattinsons are pleased to offer six terraced single garages with manual shutters located on Avalon Drive, East Denton. All six garages are fully tenanted at 250 per garage per six months, equating to a total income of 3,000PA.

Location

The subject garages are located within an established residential area in Denton Burn, Newcastle upon Tyne. The area is provided with access to a reasonable level of local services and facilities around five miles west of Newcastle centre off the West Road in the vicinity of the A1 Western bypass.

Accommodation

Six garages: Numbers 5,8,12,13,15 and 16.
Eaves heights between 1.98m to 2.15m.

Tenure

Freehold. Title number TY529556.

Lease Details

All six garages are tenanted. They are each let at 250 per six months (~42PCM), totalling an income of 3,000PA.

VAT

We await confirmation if VAT is payable on this transaction.

Auction Information

The subject property is sold under the buyer's premium section of the auction; this means a successful buyer shall pay a premium of 5% against the final agreed purchase price plus VAT, subject to a minimum fee of 5,000 plus VAT, to Keith Pattinson Ltd on acceptance of an offer. This fee is non-refundable.

This commercial property is also unconditional; this means that a successful bidder upon acceptance of an offer must pay the buyer premium plus VAT to Keith Pattinson Ltd, and is also required to exchange contracts on the day together with the submission of a 5% deposit against the purchase price. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. This means any interested parties wishing to make an offer on a property must be in funds for both the buyer premium and the deposit, both to be placed with and held by Keith Pattinson Ltd.

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.

Property info

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Nearby transport

  • Blaydon (1.5 miles)
  • MetroCentre (2.3 miles)
  • Dunston (3.4 miles)
  • Newcastle Airport (3.7 miles)
  • Durham Tees Valley Airport (34.7 miles)
  • Leeds Bradford International Airport (77.5 miles)
  • Newcastle International Ferry Terminal (9.9 miles)
  • North Shields Ferry Terminal (10.2 miles)
  • South Shields Ferry Terminal (10.3 miles)

Nearby schools

View all schools in Newcastle upon Tyne
  • Broadwood Primary School (0.4 miles)
  • West Denton Primary School (0.5 miles)
  • Waverley Primary School (0.5 miles)
  • Trinity Post 16 Solutions Ltd. (1.7 miles)
  • Trinity Solutions Academy (1.7 miles)
  • Newcastle College (3.1 miles)
  • Thomas Bewick School (0.7 miles)
  • Excelsior Academy (0.9 miles)
  • St Cuthbert's High School (1.1 miles)
Note: Distances are straight line measurements

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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