Unit 6 & 8 Banks Court, Transbritannia Enterprise Park, Blaydon-on-Tyne, Tyne and Wear, NE21 5NH

Lot Image

Auction sale - Monday 11th December 2017

Result:

Unsold, the last bid was £24,000 and is available at £25,000

  • Freehold industrial ground rent investment
  • Two modern industrial units
  • Producing £1,750 per annum

Details

Location

Summary: 2 modern industrial units
Miles: Newcastle upon Tyne 5.2 miles
Roads: A1

Description

Two modern industrial units located off Dunne Road within Banks Court with car parking to the front. Unit 6 Banks Court is 3,898 sq ft (362.10 sq m) and Unit 8 5,057 sq ft (469.80 sq m) and are located within an industrial area with easy access to the A1 and just west of Newcastle-upon-Tyne (measurements obtained from www.VOA.gov.uk).

Tenure

Freehold

Planning

Gateshead Metropolitan Borough Council (0191 4333447) www.gateshead.gov.uk

Tenancy

Unit 6 is let to Mr & Mrs E Dogan at £250 pa for 125 years from 06/02/2004. Unit 8 is let to Quayside Property Corporation Limited at £1,500 pa for 125 years from 01/09/2004.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Contact

Seller's solicitor

Penningtons Manches LLP

Chris Grey

020 7457 3089

chris.grey@penningtons.co.uk

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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