39-41 Ramsay Street, High Spen, Rowlands Gill, Tyne And Wear, NE39 2EJ
- Unconditional Online Auction Sale
- Bedrooms: 3
- Bathrooms: 2
- Reception Rooms: 2
Description
FOR SALE BY ONLINE AUCTION ENDING 9TH JULY 2025. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
This end terraced property offers an excellent blend of residential and commercial living, presenting a fantastic investment opportunity. The house itself boasts spacious and versatile living accommodation comprising two generous reception rooms, perfect for family living or entertaining guests. The kitchen is well-proportioned and leads through to a handy utility room, adding valuable practical space. On the ground floor, you will also find a bathroom and two useful store rooms.
Upstairs, the first floor features three bedrooms, providing ample space for a family or flexible use such as home office or guest rooms. A bathroom completes the living quarters, ensuring convenience and comfort.
Attached to the property is a commercial unit, featuring a prominent shop front with great street visibility, ideal for running a variety of business ventures. The commercial premises also include a commercial kitchen, making it suitable for catering, takeaway, or other food-related businesses. The commercial space is versatile and can be tailored to meet your specific business requirements, subject to any relevant consents.
To the rear of the property, there is a yard, offering outdoor space.
Situated on a street with commercial properties, this property is perfectly positioned to attract passing trade and benefit from local footfall. Whether you’re looking to operate your own business with the convenience of living on-site, or seeking a rental investment with dual income potential.
This property is being sold subject to unconditional auction terms and conditions.
Timescales
Immediate exchange of contracts. Completion must take place within 28 days.
Buyer Fees
This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT subject to a minimum of £3.000 including VAT. This does not form part of the purchase price.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,000) which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Legal Pack
A legal pack is available for this property. We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.
More Information
For further information please contact our auction department on 0191 487 0011 or email auctions@sarahmains.com
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
The auction will continue to run if there is a bid within 5 minutes of the closing time. After 5 minutes without a bid, providing the reserve price has been met, the highest bidder will be successful. If there is another bid within 5 minutes of the last bid, the auction countdown timer will be restarted for another 5 minutes to allow further bidding. This system makes it fairer for all parties involved and prevents last second bidding.
Please bid in good time before the end of the auction; delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late, and reserves the right to reject any bid without notice.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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