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FORMER CINEMA SITE WITH OUTLINE PLANNING FOR SIXTEEN APARTMENTS

Lot 48

Junglerama, Victoria Road, Newcastle-upon-Tyne NE37 2SY

Photo of Junglerama, Victoria Road, Newcastle-upon-Tyne NE37 2SY
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FORMER CINEMA SITE WITH OUTLINE PLANNING FOR SIXTEEN APARTMENTS

Lot 48

This former cinema-bingo hall located behind Victoria Road in an established retail location off the A1290 Concorde, Washington is situated in a predominately residential location and has recently been granted by the local authority outline planning for the erection of a building comprising of 9 x 2 bedroom apartments and 7 x 1 bedroom apartments under planning ref 09-00880-OUT. The property is sold with full vacant possession, save for a small cafeteria at the front of the building that is let at a rent of 175 per week until October 2009 and the benefit of this outline planning consent that has been granted. The site occupies an area of approximately 0.3193 acres and the existing building, should interested occupiers wish to use it for an alternative use, provides approximately 9727sq ft of space.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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