Property Summary

Offers Over £45,000

Branch Details

Barnard Castle

01833 690390

14c, Harmire Enterprise Park, DL12 8BN

Garages At Chapel Close, Frosterley

Bishop Auckland

    Key Features

  • All held on licence
  • Block of twelve residential garages
  • For sale as a whole

Block of twelve residential garages for sale as a whole, all held on licence for sale by auction.

A rare opportunity to acquire a block of twelve, individual, residential garages. The garages are for sale as a whole and all are currently let on a licence with an annual rent of £250.00 per garage.

From Wolsingham head westwards on A689 into Frosterley towards the centre of the village. Upon reaching The Frosterley Inn, on the right, carry on towards the centre of Frosterley, passing ‘The Ccooperative’ supermarket on your right. The subject property is located on the right hand side as identified by a George F White for sale board.

1. The garages are for sale as a whole only and not individually
2. The agent understands that the property is sold with the benefit of access to, and land to the front of the property, however the land and garages are unregistered.

Method of Sale
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.