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

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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