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Lot 5 - Office A Fourth Floor Central Square South, Orchard Street, Newcastle upon Tyne, NE1 3AZ

Guide Price* £400,000 +

Online Auction Demo
Property Type
Commercial Property
Tenure
Freehold
Bidder Security Deposit
£3,500*

Freehold Office Building located in Newcastle upon Tyne, the regional capital of the North East of England is the financial and business hub of the region.

Description

With roots in the property sector tracing back to 1858, Sanderson Townend & Gilbert joined with Weatherall Green & Smith in 2003 to become one of the region’s biggest players in the commercial property market.

Located in the heart of Newcastle city centre, our experienced teams of Chartered Surveyors and Architects provide first class property services across the region making Sanderson Weatherall a by-word for property excellence both in the North East and throughout the nation.

Working across the full property lifecycle our property consultancy teams work with property investors, developers, occupiers, owners and financial institutions, combining skills and knowledge to provide timely and complete property advice.

Location

The city dates back almost 2,000 years and played a major part in the UK’s industrial revolution before establishing itself as an integral part of the Northern Powerhouse.

The region has a long history of innovation and boasts a number of independent start-ups, SME’s and well-known global brands that often collaborate on projects and form an unrivalled business network.

Newcastle is one of the fastest growing digital cities outside of London and has an internationally renowned reputation for medical sciences and professional services including banking, corporate finance and insurance.

Disclaimer*

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

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

Please note that Lots may be sold or withdrawn prior to auction.

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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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Dominic Smith
07999023451
SW Property Auctions,
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EC1A 7BL