46 Front Street, Whickham, Tyne and Wear, NE16 4DS.

LOCATION

Whickham is a popular town located approximately 5 miles south west of Newcastle upon Tyne, with excellent access to the A1.

The subject property is situated on Front Street and therefore is highly visible and prominent. Nearby other occupiers include Newcastle Building Society, Whickham Dental Practice, as well as local pubs The Bay Horse and The Harry Clasper.

DESCRIPTION

Small retail lock up unit. One large room with two smaller rooms to the rear. No plumbing or electrics, buyer will need to install their own if required. Sold as seen.

ACCOMMODATION

The property includes the following gross internal areas:

Ground Floor 36.67 sq m / 394.68 sq ft

PROPOSAL

Modern Method of Auction

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 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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.

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.

TENURE

The property is held freehold.

RATING ASSESSMENT

The rating assessment currently appearing on the Valuation List is as follows:

2026 - £35,250

The Small Business Rate for the year 2026/2027 is 43.2 pence in the pound.

The property previously formed part of a larger property which has since been subdivided and therefore will require reassessment upon sale.

ANTI-MONEY LAUNDERING

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction.

ENERGY PERFORMANCE

The property has an Energy Performance Certificate rating of B(43).

VAT

All figures are exclusive of VAT where chargeable..