Mixed Use
Well presented Tea Rooms/Bistro with a three bedroom terraced home on the adjacent King Street, located in the heart of Barnard Castle.
We understand the Tea Rooms/ Bistro had been a popular drop in place whilst trading, leading out onto the neighbouring supermarket carpark which is prime for attracting customers from a busy retail front.
We understand the internal accommodation is arranged over two floors with entrance hall, cafe, kitchen, storage, managers office and WC to the ground floor and landing, large bistro area and toilets located to the first floor.
9 KING STREET -
A three bedroomed terraced property which we understand to comprise of living room and kitchen to the ground floor, landing three bedrooms and bathroom to the first floor. On street parking for the residential unit can be found to the front of the dwelling on King Street.
This is a property with huge potential for both retail and residential. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
