Lord Street, Seaham, Durham, SR7

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this well established Builders Merchants business which is to be sold as a going concern. It has been built up over the years into a highly successful and profitable business which has had good growth levels year on year and has an excellent reputation throughout the town and surrounding areas for great customer service and reliability.

The site covers approximately 480sqm which incorporates a large storage warehouse with w/c facilities, there is an office room having storage cupboards together with a fitted kitchen area. Situated excellently within the town centre, it is just a short walk to the coast, which boasts many amenities as well as having relatively easy access to the A19 North and South together with the A1.

Plant machinery are included within the asking price, Recent trading accounts will be available for inspection to interested parties on request.

Please note we have not inspected this property.

Location

Situated excellently within the town centre, it is just a short walk to the coast, which boasts many amenities as well as having relatively easy access to the A19 North and South together with the A1.

Accommodation

Warehouse storage (8.23m x 7.92m or 27' 0' x 26' 0')
Block built and currently boasting fitted storage shelving there is a roller shutter door to the rear.

Wash Room (3.05m x 1.83m or 10' 0' x 6' 0')
Having a w/c and wash hand basin, built in shelving and water heater.

Office (4.98m x 3.05m or 16' 04' x 10' 0')
Having access via the warehouse, and comprising, fitted cupboards and kitchen area.

Outside
There is a yard to the front of the office currently used as storage and parking for stock and plant machinery.

Tenure

Freehold. Title number DU303787

Rateable Value

The current rateable value is £2,300 (1 April 2023 to present).

Sourced by VOA.

EPC

Available Upon Request (Rating F).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.