Land and garage investment in Stanley

This property is marketed by:
Connect UK Auctions

A Strategic Land and Garage Investment. Currently Producing £4,680 Per Annum. Currently Producing a Gross Yield of 93.6%. Excellent Location. Future potential for various development, subject to all necessary consents. Prospective purchasers must rely solely on their own enquiries.

ACCOMMODATION:

Circa 0.01 Acres / 40.47 Square Metres / 435.6 Square Feet.

LOCATION:

County Durham, officially simply Durham is a ceremonial county in North East England. The county borders Northumberland and Tyne and Wear to the north, the North Sea to the east, North Yorkshire to the south, and Cumbria to the west. What is now County Durham was on the border of Roman Britain, and contains survivals of this era at sites such as Binchester Roman Fort. In the Anglo-Saxon period the region was part of the Kingdom of Northumbria.

VIEWING:

During daylight hours. No appointment required.

TENURE:

Leasehold.

AUCTION DATE:

Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Wednesday 19th June 2024.

The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.

UNCONDITIONAL LOT:

Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).