South Street, Crook

Guide price

For sale by modern day method of auction, guide price £180,000 plus reservation fee. Auction end date: Tuesday 9th August at 12 noon

Robinsons offer to the sales market this vacant two storey mid terrace commercial property located in Crook town centre. Occupied most recently by Barclays bank and is now offered for sale with vacant possession. The accommodation comprises on the ground floor; main shop area leading to three different office rooms and rear exit which gives access to a further office room and walk is safe (not in use).

To the first floor there are male and female toilets, a further office and kitchen. Emergency exit door from the kitchen leads to the rear with fire escape stairs leading to the ground floor external area. Designated parking area is also at the rear.

Crook is a popular market town with a wide range of shopping amenities, including a Aldi and Lidl. There are three primary schools and secondary schools in neighbouring towns. There are bus routes giving easy access to Durham city centre and Bishop Auckland.

Modern auction method

Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer s solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Marketed by 01388 763477

Robinsons Chartered Surveyors - Crook

Royal Corner, Crook

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