We are back in the auction room for our 21st July auction!

 

73-79 Church Lane, Ferryhill, Durham, DL17 8LT

Former bingo club in Ferryhill

Guide price*

£30,000+

Plus fees

Sold for £48,000

Pound sign

Finance available on this property

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Lot 183 Commercial Vacant
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Auction details:

Thursday 9th September 2021 @ 09:00AM

Livestreamed Auction

A Vacant Former Bingo Club which has potential for redevelopment to alternative uses, such as residential, subject to obtaining planning permission and any other necessary consent

Property Description

The property comprises a former Bingo Club situated in a predominantly residential road close to Ferryhill Town Centre and has potential for redevelopment to alternative uses such as residential subject to obtaining planning permission and any other necessary consent. We understand the building to have an approximate floor area 1,350 Sq ft or thereabouts but we haven’t been able to verify this at the time of going to print and if this figure is important to your assessment of the property you should undertake your own measured survey.

Accommodation

Ground Floor: Entrance Area, Ladies/Gentlemans cloakroom, Main Hall divided into two rooms.
First Floor: Two Offices
Outside: Small Garden Area to rear.

Energy Performance Rating

E.

Tenure

We understand that the property is Freehold. For further information in respect of tenure and other legal aspects and requirements please refer to the legal pack.

Services

Mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.

Ground Conditions & Contamination

Prospective purchasers must undertake their own investigations with regard to ground conditions and fully satisfy themselves as to the suitability of the site for any use they may propose.

Rights of way, wayleaves, easements, restrictive covenants etc.

The property is sold subject to, or with the benefit of any rights of wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.

Value Added Tax

For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.

Auctioneers Note

At the time of going to print the auctioneers were unable to inspect the property internally and therefore the accommodation details and areas should not be relied upon.

Auctioneer's Note

Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

Strictly by appointment with the Auctioneers.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours prior to the auction.  Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Remote bidding registration