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Freehold Commercial Land In Wideopen Newcastle Upon Tyne For Sale

Newcastle Upon Tyne, Tyne and Wear, UK
Asking Price:
£90,000
Turnover:
Available on request
Net Profit:
Available on request

Land to the Rear of West View, Wideopen, Newcastle Upon Tyne, NE13 6EG

Freehold land is for sale. Formally used as a site for storage containers. Site area: 0.974 acres (0.3943 hectares). Suitable for a variety of uses,.

Auction Guide Price: £90,000 +

Ref H996

Live Auction on Thursday, May 2024, Option 1
For Sale by Auction. Terms and Conditions apply.
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:

The land to the rear of West View, Wideopen is situated on the east
side of The Great North Road in a mixed residential/commercial area.
Wideopen is situated in the administrative area of North Tyneside approximately 7.5 miles to the north of Newcastle. It is a mainly residential area situated on the east side of the A1. There are local facilities in Wideopen and a wider range of amenities in Newcastle.

Premises Details:

Description
The Property is an irregular shaped area of land situated to the rear of houses in West View, Wideopen. There is an unmade access road from the Great North Road which provides access to the land. The site is overgrown and incudes a derelict building. There is a sewer
which crosses the middle of the land from east to west. There is a footpath immediately to the west of the site which is leased to the council.

Site Area
The approximate site area is 0.3943 hectares (0.9743 acres) or thereabouts. The site area has been calculated using Promap.

Services
We have no information regarding mains services.

Title number
TY475218

Viewing
Strictly by appointment through this office.

Tenure
Freehold

Auction Guide Price
£90,000 +

Notice
1.) There appears to be a slight encroachment by a few neighbours on the south boundary (shown on the pro map), it would be the responsibility of the buyer to deal with this.

2.) There is a small circle on the title (shown on the pro map), we have verbally been informed this is a pit shaft. This is not within the title and we have had no confirmation of this. We advise we make your own enquiries.

3.) There is a foot path running along the west boundary of the land, this was leased by the council in December 1952 for a term of 99 years (map/lease provided)

4.) No dwelling house or dwelling houses are to be erected on the said land. In relation to the Agreement dated 26th April 1948, the Conveyance is said to be subject to that agreement which was made between the National Coal Board and the Council so far is it affects the
land in this title.

5.) The Rights to which the land is subject are set out at paragraph 1 under EXCEPT AND RESERVED to the vendors……. These include the rights of the coal board to work the coal and other minerals under the land, a right for the coal board to inspect during the construction of any buildings on the land and a right of way for the coal board and those authorised by them, with or without vehicles over the land coloured yellow on the plan for access to the old pit shaft shown coloured blue on the conveyance plan.

Rateable Value (81a Fern Drive)
The 2024 Rating List entry is Rateable Value £7,700

As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates. We advise to seek verification of the above from the Local Rating Authority.

Auction
Live online auction, bidding starts Thursday 30th May 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

Viewing
Strictly by appointment through this office

Other Information

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