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Detached Bungalow & Land In Gateshead For Sale

Gateshead, Tyne and Wear, UK
Asking Price:
£275,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

Unique development opportunity stpp. Includes a 4-bedroom bungalow & garages. Site area: 0.658 acres (0.266 hectares). Situated on a busy main road next to Aldi & Lidl. Rose Cottage lets at £6,600 per annum. Suitable for a variety of uses,. EPC rating: E.

Auction Guide Price: £275,000 +

Ref I030

Live Auction on Thursday, June 27th, 2024, Option 1
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level at which the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide 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. The successful buyer pays £2,000 + VAT (total £2,400)

Property Information

Property:

Freehold

Location:

Wrekenton is located approximately three miles to the south of Gateshead Town Centre and one mile from the A1 western by-pass. The property is situated on the edge of Wrekenton district centre close to the junction of Old Durham Road, Springwell Road and High Street. The majority of the surrounding properties are commercial including a Lidl and Aldi supermarket on either side.

Premises Details:

Description
We are delighted to offer to the market this 0.65 acre site consisting a detached 4 bedroom detached bungalow, concrete area with two detached garages formerly a petrol station and
cleared grass area which was the former Gateshead council offices. The bungalow was built around 1960, it is of brick construction under a pitched/tiled roof, the windows are UPVC
double glazed. The site could be suitable for a variety of uses subject to the correct planning permissions.

Rose Cottage / Garage Dimensions
Area Sq. m. Sq. ft.
Front porch 4.76 51.23
Kitchen 17.63 189.76
Living Room 21.06 226.68
Bedroom 1 9.75 104.94
Bedroom 2 18.33 197.30
Bedroom 3 13.53 145.63
Bedroom 4 4.75 51.12
W/C 1.44 15.50
Bathroom 5.4 58.12
Rear Porch 2.8 30.13
Greenhouse 15.36 165.33
Garage 1 17.49 188.26
Garage 2 29.82 320.97

Site Area
0.658 Acres (0.266 Hectares)

Rental Income
Rose Cottage is let at £6,600 per annum. The tenant has been in occupation since 2020 with the current lease rolling over.

Tenure
Freehold

Auction Guide Price
£275,000 +

Viewing
Strictly by appointment through this office.

Council Tax Band
Band C

Title number
TY573901 & TY374834

Auction
Live online auction, bidding starts Thursday 27th June 2024, terms and conditions apply, see website www.agentspropertyauction.com

Legal Pack
For a full legal pack on this property please contact: The Agents Property Auction: 01661 831360

Important Notice
1. Particulars above are not a contract or offer or part of one. You should not rely on statements by Rook Matthews Sayer in the particulars or by word of mouth or in writing as being factually accurate about the property/business, its condition or its value.
Rook Matthews Sayer has no authority to make any representations about the property, and accordingly any information given is entirely without responsibility.
Any reference to alterations to, or use any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or
lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.

2. The photographs show only parts of the property as they
appeared at the time taken.

3. Any areas, measurements and distances given are approximate only.

4. Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s
minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide 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. The
successful buyer pays a £2,000 +VAT (total £2,400) Auction Administration Fee. Joint Agents: The Agents Property Auction Ltd. Tel 01661 831360 Terms and conditions apply see:
agentspropertyauction.com

Ref: I030 (Version 1)

Prepared 11th June 2024

Energy Performance Rating:
E  View EPC Graph for this property

Other Information

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