Lot 18 £490,000
Located adjacent to a new state of the art Honda Showroom and Workshop facility within the Silverlink Business Park which is renowned for its extensive out of town retail and leisure offerings and houses such multiples as Marks and Spencer, McDonalds, Currys, Boots, Next and many more as well as premium brand motor dealers including Audi, Porsche, Bentley and BMW. In addition, the Silverlink Business Park adjoins the Cobalt Business Park which is the largest office park in the UK and home to a number of regional and national office occupiers including GE Money, Procter and Gamble, Orange, DWP, North Tyneside Council, Formica, EDS and Newcastle Building Society. The Silverlink Business Park is in a prominent position adjacent to the busy A19 and close to its junction with the A1058 Coast Road approx 6 miles north east of Newcastle-upon-Tyne city centre.
The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.
Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.
A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.
The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.
In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.