£185,000

Industrial for sale

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Just added

Guide price

£185,000

(£11.76/sq. ft)

Industrial for sale

Wellington Road, Dunston, Gateshead NE11

15,737 sq. ft

Local area information

Property location

Nearby amenities

  • Riverside Primary Academy 0.4 miles
  • Dunston Hill Community Primary School 0.5 miles
  • MetroCentre 0.5 miles
  • Dunston 0.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Land Site For Sale
  • Freehold Title
  • Sought After Location
  • Suitable for a Variety of Commercial Use
  • Vacant Possession
Summary

For sale by Secure online auction. Auction terms and conditions apply. A full legal pack will be provided prior to auction closing.

Presenting a unique investment opportunity in Dunston, Gateshead, we are pleased to bring to the market a versatile Land & Development opportunity with an incredible commercial potential.

The land emerges as an attractive proposition for investors and developers alike, with an advantageous location in Dunston, a promising area amidst exciting regeneration and increasing local investment. Its prime location is easily accessible and sits close to a wealth of local amenities including shops, schools and transportation links, underscoring a potentially high yield strategy for both property investors and developers.

The property offers a spacious and substantial plot of land, imbued with enormous potential for development. An ideal locational backdrop for establishing commercial units, subject to planning permission and approval.

This plot of land presents a canvas on which investors can draw their vision, create wealth and foster the growth of the Dunston community. Its commercial potential is not just in its size of approx 0.36 Acres 0.146 Hectares or location but also in its promise for future growth, making it a promising channel for robust financial returns.

Contact Pattinson Estate Agents today to discuss your plans and arrange a viewing. Take the opportunity to fulfill your development ambition, and be a part of Dunston's thriving growth story. Please be aware, checks and legal due diligence will be required before finalizing the purchase.

The prospect the property presents is significant, but it is the potential it affords prospective buyers to contribute positively to the community that truly differentiates it. We eagerly anticipate your enquiries and would be delighted to facilitate your ambition to acquire this truly unique commercial investment.

Location

Located in Dunston, a western suburb of Gateshead. It is located 1/2 mile from Metro Centre and 3 miles southwest of Newcastle City Centre. This land is situated adjacent to the A1 and benefits from great transport links.

Site Details

The subject site measures approximately 1462.27 sqm with a perimeter of roughly 239.56 meters.

Measurements via Promap.

Tenure

Freehold. Title number TY73496.

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 below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. 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 being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers 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. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

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, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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. 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.

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Property descriptions and related information displayed on this page are marketing materials provided by - Pattinson - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Tyne & Wear
  4. Gateshead
  5. Dunston
  6. Wellington Road