Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • SUBSTANTIAL COMMERCIAL PROPERTY • PROMINENT LOCATION WITH EXCELLENT PUBLIC TRANSPORT LINKS • SIGNIFICANT REDEVELOPMENT POTENTIAL (STPP) • CURRENTLY OPERATING AS A WELL ESTABLISHED SOCIAL CLUB • SUITABLE FOR A RANGE OF COMMERCIAL USES (SUBJECT TO PLANNING)

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Mercantile House Silverlink, Wallsend, NE28 9NY

Full Description: For sale via secure sale online bidding - terms and conditions apply.

A rare opportunity to acquire a substantial commercial property, currently occupied as a long established social club.

Positioned in a highly visible and accessible location, the property offers extensive internal floor space and grounds, making it ideal for continued leisure use or a compelling redevelopment opportunity.

The existing structure includes multiple large function rooms, licensed bar areas, office/storage spaces, and dedicated parking.

The layout lends itself to flexible adaptation, whether retained for hospitality, community, or business use, or reimagined as part of a residential or mixed-use scheme, subject to obtaining the necessary planning permissions.

Set within a growing and well-connected area, the site is conveniently located near local amenities, public transport, and major road networks, increasing its appeal for a range of commercial developers and investors

Please note we have not inspected this property.LocationPositioned in a highly visible and accessible location. Set within a growing and well-connected area, the site is conveniently located near local amenities, public transport, and major road networks, increasing its appeal for a range of commercial developers and investors.AccommodationThe property offers extensive internal floor space and grounds, making it ideal for continued leisure use or a compelling redevelopment opportunity.

The existing structure includes multiple large function rooms, licensed bar areas, office/storage spaces, and dedicated parking. The layout lends itself to flexible adaptation, whether retained for hospitality, community, or business use, or reimagined as part of a residential or mixed-use scheme, subject to obtaining the necessary planning permissions.TenureFreehold. Title number LA476407Rateable valueThe adopted rateable value is £13,250 as of 1st April 2023. Sourced from VOAEPCWe currently await a copy of the Energy Performance CertificateAdditional informationFor further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.Auctioneers Additional CommentsPattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the lawAuctioneers Additional CommentsThe advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.Auctioneers Additional CommentsIn order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.