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***For sale by Auction***Starting Bid ?74,950***Set within the heart of a sought after residential area at the entrance of a popular school this semi-detached Convenience Store is being offered as a going concern and the extra advantage of a two bed-roomed self contained flat above.

Summary View

***For sale by Auction***Starting Bid ?74,950***Set within the heart of a sought after residential area at the entrance of a popular school this semi-detached Convenience Store is being offered as a going concern and the extra advantage of a two bed-roomed self contained flat above. Part of a small parade of local shops with regular customers his shop is being offered with stock and fittings being available by separate negotiations. The main shop is 10m x 7m and offers a variety of goods, and this is further supported by two stock rooms as well as an office and separate WC. CCTV and alarm systems are fitted throughout the store and the present owners have made improvements to lighting and signage. The Flat above is number 1A and is approached via an external shared staircase and offers gas centrally heated two bed-roomed accommodation with a separate semi detached Garage. EPC Rating E. A copy of the EPC will be available on request.

Location

Offering services to the local community and in particular the local school as the shop is positioned close to the main entrance.Ouston is a village in County Durham, approximately 5 miles to the south-west of the city of Newcastle. The village of Ouston is surrounded by countryside, farm life and stunning views whilst being located with excellent transport links for travelling both North and South of the region. There are three schools in Ouston, and strong bus routes.

Auction Terms

This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can
proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5 percent subject to a minimum of ?5,000 plus VAT which secures the transaction
and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms
and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and
conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction.

Main Shop

34' 1" x 22' 8"  (10.38m x 6.9m) 

Store Room 1

14' 2" (max) x 19' 8"  (4.31m

(max) x 5.98m) 

Store Room 2

14' 0" x 8' 3"  (4.26m x 2.51m) 

Office

9' 8" x 5' 10"  (2.93m x 1.78m) 

Separate WC

9' 11" x 2' 8"  (3.01m x .81m) 

Lounge/Sitting Room

18' 5" x 11' 3"  (5.61m x 3.43m) 

Kitchen

8' 0" x 7' 9"  (2.43m x 2.37m) 

Bedroom One

13' 8" x 11' 2"  (4.15m x 3.41m) 

Bedroom Two

11' 3" x 10' 0"  (3.42m x 3.04m) 

Bathroom

7' 9" x 5' 11"  (2.37m x 1.8m) 

IMPORTANT NOTE TO PURCHASERS:

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

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