Guide price
£80,000
(£17.43/sq. ft)
Retail premises for saleSunderland Road, Horden, Peterlee SR8
4,589 sq. ft
Just added
About this property
Substantial two-storey commercial property
Net Internal Area: 426 sqm (4,589 sqft)
Formerly used as a shop, workshop, and storage areas
Prominent central location
Significant potential for redevelopment (STPP)
Suitable for a wide range of commercial or mixed-use purposes
Positioned 23 miles south of Newcastle and 21 miles north of Middlesbrough
Summary
For sale by online auction - Terms & Conditions Apply
We are delighted to present to auction this substantial two-storey commercial property, prominently situated on Sunderland Road, Horden, Peterlee. Last occupied as a fishing tackle shop, this versatile premises offers flexible retail and workshop accommodation on the ground floor, with additional storage and workspace above.
Offering significant potential for a variety of commercial, residential, or mixed-use developments (subject to planning permission), this property represents an exciting opportunity for investors, developers, or business owners.
This substantial two-storey commercial property boasts a net internal area of 426 sqm (4,589 sqft). The premises comprise former retail and workshop space with storage areas, and is set in a prominent and central location within Horden. It is conveniently positioned close to local amenities and transport services, with a bus stop directly outside the property and excellent access to major road networks including the A1086 and A19.
The freehold title is registered under Title Number DU161025. The adopted rateable value is 4,650 as of 1st April 2023, sourced from the voa. The property is ideally located 23 miles south of Newcastle upon Tyne and 21 miles north of Middlesbrough.
Accommodation comprises:
Ground Floor:
Workshop (13.2m x 10.6m), Workshop (20.6m x 7.8m), Office (7.5m x 4.3m), Office (4.0m x 2.4m), Kitchen (9.2m x 1.2m), two W.C.s.
First Floor:
Room 1 (3.1m x 4.1m), Room 2 (9.9m x 4.0m).
For further information, to register your interest and viewings - (strictly by appointment only through Pattinson's), please contact our office directly.
Location
The subject property is located along Sunderland Road, Horden, close to local amenities and transport links with the closest bus stop being right outside the property. The property is close to main access roads (A1086 and A19). The property is 23 miles south of Newcastle Upon Tyne and 21 miles north of Middlesbrough.
Floor Plan
Ground floor
Workshop: 13.2m x 10.6m
Workshop: 20.6m x 7.8m
Office: 7.5m x 4.3m
Office: 4.0m x 2.4m
W.C.
Kitchen: 9.2m x 1.2m
W.C.
First floor
Room 1: 3.1m x 4.1m
Room 2: 9.9m x 4.0m
NIA 426sqm (4,589sqft)
Tenure / Title
Freehold. Title number DU161025.
Rateable Value
The adopted rateable value is 4,650 as of 1st April 2023.
Sourced from voa.
EPC
Available upon request
Additional Information
For further information, to register your interest and viewings - (strictly by appointment only through Pattinson's), please contact our office directly.
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.
For sale by online auction - Terms & Conditions Apply
We are delighted to present to auction this substantial two-storey commercial property, prominently situated on Sunderland Road, Horden, Peterlee. Last occupied as a fishing tackle shop, this versatile premises offers flexible retail and workshop accommodation on the ground floor, with additional storage and workspace above.
Offering significant potential for a variety of commercial, residential, or mixed-use developments (subject to planning permission), this property represents an exciting opportunity for investors, developers, or business owners.
This substantial two-storey commercial property boasts a net internal area of 426 sqm (4,589 sqft). The premises comprise former retail and workshop space with storage areas, and is set in a prominent and central location within Horden. It is conveniently positioned close to local amenities and transport services, with a bus stop directly outside the property and excellent access to major road networks including the A1086 and A19.
The freehold title is registered under Title Number DU161025. The adopted rateable value is 4,650 as of 1st April 2023, sourced from the voa. The property is ideally located 23 miles south of Newcastle upon Tyne and 21 miles north of Middlesbrough.
Accommodation comprises:
Ground Floor:
Workshop (13.2m x 10.6m), Workshop (20.6m x 7.8m), Office (7.5m x 4.3m), Office (4.0m x 2.4m), Kitchen (9.2m x 1.2m), two W.C.s.
First Floor:
Room 1 (3.1m x 4.1m), Room 2 (9.9m x 4.0m).
For further information, to register your interest and viewings - (strictly by appointment only through Pattinson's), please contact our office directly.
Location
The subject property is located along Sunderland Road, Horden, close to local amenities and transport links with the closest bus stop being right outside the property. The property is close to main access roads (A1086 and A19). The property is 23 miles south of Newcastle Upon Tyne and 21 miles north of Middlesbrough.
Floor Plan
Ground floor
Workshop: 13.2m x 10.6m
Workshop: 20.6m x 7.8m
Office: 7.5m x 4.3m
Office: 4.0m x 2.4m
W.C.
Kitchen: 9.2m x 1.2m
W.C.
First floor
Room 1: 3.1m x 4.1m
Room 2: 9.9m x 4.0m
NIA 426sqm (4,589sqft)
Tenure / Title
Freehold. Title number DU161025.
Rateable Value
The adopted rateable value is 4,650 as of 1st April 2023.
Sourced from voa.
EPC
Available upon request
Additional Information
For further information, to register your interest and viewings - (strictly by appointment only through Pattinson's), please contact our office directly.
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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