Property for Auction in London - 81-83 Front Street, Chester Le Street, County Durham

A Mid Terrace Building Arranged to Provide a Ground Floor Shop and First Floor Ancillary Space Let to Lloyds Bank Plc Producing £25,000 Per Annum The property comprises a mid terrace building arranged to provide a ground floor shop and first floor ancillary space. Tenure Freehold Location The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include; Morrisons, Costa Coffee and OneGym. The open spaces of Riverside Park are within easy reach. Transport links are provided by Chester-le-Street rail station. Accommodation Ground Floor Retail Area First Floor Ancillary Space Tenancy The property is subject to a FRI lease to Lloyds Bank Plc for a term of 10 years commencing 31st October 2018 at a rent of £25,000 per annum. The property has not been inspected by Auction House London. All information has been supplied by the vendor. Energy Efficiency Rating (EPC) Current Rating D Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.