Property Summary


Guide Price £85,000

Branch Details


Barnard Castle

01833 690390

barnardcastleresidential@georgefwhite.co.uk

14c, Harmire Enterprise Park, DL12 8BN

Park Road

Witton Park, Bishop Auckland, Durham

    Key Features

  • Exciting development opportunity
  • FOR SALE BY PUBLIC AUCTION
  • Former public house with full planning permission to be converted into one four bedroom semi-detached property, and a further two bedroom semi-detached property
  • Off road parking for three vehicles

Former public house with full planning permission to be converted into one four bedroom end of terrace property, and a further two bedroom mid terraced property. For Sale by Public Auction

The Property
64 Park Road benefits from full planning permission to be converted into one four bedroomed end of terrace dwelling, and a further two bedroomed mid terrace dwelling. Formerly a public house, this development would present an exciting opportunity for either a small developer or private individual.

64a Park Road is the four bedroomed element of the development, and in brief will comprise of entrance hall with cloakroom/WC, office/games room, utility room and open plan kitchen/living/dining room with bi-fold doors to the rear yard. Stairs from the entrance hall will rise to the first floor landing, which will allow access to three double bedrooms, one of which will offer en-suite facilities, as well as a family bathroom. Stairs from the first floor landing will rise to the second floor accommodation which will offer a further double bedroom with en-suite facilities.

64b Park Road is the two bedroomed element of the development, and in brief will comprise of entrance hall with cloakroom/WC, open plan kitchen/living/dining room with bi-fold doors to the rear yard. Stairs from the entrance hall will rise to the first floor landing which will offer two double bedrooms and a family bathroom.

Planning
Full details for the planning permission for this development can be accessed through the Durham County Council planning portal using reference number DM/18/03486/FPA. The permission is due for expiry on 5th February 2022.

Directions
From the A68 at Fir Tree, head southwards towards Toft Hill, passing Witton-le-Wear and continuing down the hill and over the River Wear. Proceed uphill towards Toft Hill taking the left hand turn sign posted for Witton Park. Upon reaching the village, take the first left, travel approximately 100 metres, the property can be found on the left hand side as identified by a George F White for sale board.

Externally
To the side of the property, there is off road parking provisions for three vehicles, whilst to the rear, both properties will benefit from private yards.

Auction
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 buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 days in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts 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 make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT - this is subject to a minimum of £6,000.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market. The Reservation Fee is paid in addition to the final negotiated selling price. A non-refundable Buyer Information Pack fee of £200.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by iamsold. The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification for this must be sought from your legal representative. The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed. A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded 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 powered by iamsold.

IMPORTANT NOTICE
Every care has been taken with the preparation of these particulars, but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance  professional verification should be sought. All dimensions/boundaries are approximate. The mention of fixtures, fittings &/or appliances does not imply they are in full efficient working order. Photographs are provided for general information and you may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website. These particulars do not constitute a contract or part of a contract.

X