For Sale Development Opportunity

FOR SALE DEVELOPMENT OPPORTUNITY THE BINCHESTER, ALBION STREET, SPENNYMOOR DL16 7AP sw.co.uk Location Spennymoor is a small town in County Durham, in the North East of England, and lies approximately 24 miles to the south of Newcastle upon Tyne and 6 miles to the south of Durham. Other major towns in the close vicinity include Bishop Auckland, Ferryhill, Sedgefield, Bowburn and Willington. The town enjoys excellent road access with the A688 and A1 motorway in close proximity. The subject site is located off Clyde Terrace and heavily surrounded by residential dwellings. Description / Site Area The site extends to approximately 0.092 hectares (0.227 acres) with the potential for residential development. The site currently consists of a redundant public house and surface car parking. Business Rates The property will be re assessed upon occupation. Planning The property currently has full consent for its existing use as a Public House, however planning has been submitted for 14 x 1 assisted living units. Any other alternative uses may be considered subject to obtaining the necessary planning consent from Durham County Council. Residential Development Opportunity Services Offers invited We understand that all main services are connected/available at the property, however, any interested parties should make their own investigations with regard to this matter. Tenure: Freehold Energy Performance Certificate All prices are deemed exclusive of VAT The property has an Energy Performance Asset Rating of Band D (89). A full copy of the EPC is available where chargeable upon request. Site Area: 0.092 hectares (0.227 acres) Money Laundering Planning submitted for 14 x 1 bedroom In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the apartments source of funding will be required from the successful purchaser. Subject to Contract Asking Price We are instructed to seek offers in the region of £295,000, exclusive of VAT for the benefit of our clients freehold interest in the property. Legal Costs Each party is to be responsible for their own legal costs incurred throughout any transaction. THE BINCHESTER, ALBION STREET, SPENNYMOOR DL16 7AP THE BINCHESTER, ALBION STREET, SPENNYMOOR DL16 7AP THE BINCHESTER, ALBION STREET, SPENNYMOOR DL16 7AP Viewings and further information strictly by prior appointment with the agents: Kevin McGorie 0191 269 0174 [email protected] Sanderson Weatherall Central Square South Orchard Street Newcastle upon Tyne NE1 3AZ Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These particulars do not constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars; 4) The vendor(s) or lessor(s) do not make or give and neither Messrs Sanderson Weatherall LLP nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property; 5) None of the building’s services or service installations (whether these be the specific responsibility of the freeholder, lessor or lessee) have been tested and are not warranted to be in working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of VAT. Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008; Every reasonable effort has been made by Sanderson Weatherall to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice. Sanderson Weatherall LLP Registered in England company number OC 344 770 Registered Office 6th floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL March 2020 sw.co.uk.

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