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43 & 43a Station Road, Ashington, NE63 9UZ

  • Subasta
  • Lote 21
  • Reino Unido
  • Local
  • Comercial

Vendido

Resumen de la propiedad

  • Freehold retail investment
  • Currently let to British Heart Foundation and Shoezone (subject to break options)
  • Town centre pedestrianised location
  • Asset management opportunites
  • Potential to add an additional floor (subject to consents)
  • Producing £18,000 per annum (refer to tenancy schedule)

Contactar con nosotros

Simon Bailey
Simon Bailey
El equipo está para ayudarte
Soudabeh Babaei
Abogado del Vendedor

Contactar con nosotros

Simon Bailey
Simon Bailey
El equipo está para ayudarte
Soudabeh Babaei
Abogado del Vendedor

Descargas

Descripción de la propiedad

An end of terrace single storey building of traditonal construction beneath a flat roof. The building is arranged as two retail units on the ground floor with ancillary storage at basement level. There is a loading area to the rear of the building as well as space for parking approximately five cars. The building may offer scope to add an addtional floor, subject to obtaining the necessary consents and Number 43a Station Road may offer potential to be split into two units, again subject to obtaining any necessary consents. Prospective purchasers are advised to make their own enquiries in this regard.

Ubicación

Ashington is situated approximately 17 miles north of Newcastle upon Tyne and 5 miles east of Morpeth. The town can be accessed via the A189 and A197, which in turn link with the A19 and A1 respectively. Nearby Morpeth railway station provides regional rail services as well as regular services to Newcastle Central Station, which provides regular onward connections to Edinburgh and London Kings Cross. Additonally numerous bus routes serve the area and Newcastle International Airport lies approximately 201 miles to the south east of the town.

Station Road is the principle retail thoroughfare in the town centre with the property lying on its north side at the junction with John Street. The pitch is pedestrianised and benefits from a wide pavement following recent investment in the town centre. Other notable nearby occupiers include Coral, Boots, Greggs, Halifax, Heron Foods and Lloyds Bank.

Arrendamiento

  • British Heart Foundation - trades from approximately 700 stores across the UK and for the year ending 31.03.2024 reported a turnover of £180.6 million and net assets of £368.7 million (source: www.bhf.org.uk).
  • Shoe Zone Retail Ltd - trades from over 330 stores across the UK and for the year ending 30.09.2023 reported a turnover of 165.6 million, a pre-tax profit of £16.3 million and net assets of £33.3 million (source: Companies House).

Planificación

Northumberland County Council (0345 600 6400) - www.northumberland.gov.uk

Estado de Ocupación

Freehold

Datos adicionales

Unit

Accommodation

Size

Tenancy

Rent (£pa)

43 Station Road

Ground floor retail

Basement ancillary

Total

75.90 sq m (817 sq ft)

66.98 sq m (721 sq ft)

142.88 sq m (1,538 sq ft)

Let to British Heart Foundation for a term of 5 years from 14.02.2024 (1) (2)

£12,000

43a Station Road

Ground floor retail

Basement ancillary

Total

161.09 sq m (1,734 sq ft)

129.97 sq m (1,399 sq ft)

291.06 sq m (3,133 sq ft)

Let to Shoe Zone Retail Ltd for a term of 2 years from 25.03.2023 (3)

£6,000 (4)

Total

 

433.94 sq m (4,671 sq ft)

 

£18,000

(1) The tenant has been in occupation since 2014

(2) There is a tenant's break clause on 14.02.2027

(3) The tenant has served notice and will be vacating on 20.01.2025

(4) The unit was previously let at £27,000pa

(5) The auctioneers have not measured the property. All floor areas have been provided by the Vendor

Impuestos

IVA No aplicable.

Consumo energético

43 Station Road: Rating 40 Band B

43a Station Road: Rating 52 Band C

Enlaces Útiles

*Términos y Condiciones

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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