124 Sheriffs Highway, Gateshead, Tyne And Wear, NE9 5SD
- Unconditional Online Auction Sale
Description
FOR SALE BY ONLINE AUCTION ENDING 23RD SEPTEMBER 2026 AT 12:00PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
A stone-built end-of-terrace commercial property situated on Sheriffs Highway, Gateshead, within easy reach of the Queen Elizabeth Hospital and the surrounding local amenities. Currently configured as a shopfront with ground-floor and first-floor rooms and a rear outhouse, the property offers a versatile space suited to a range of retail, trade, studio or showroom uses (subject to any necessary consents), and sits alongside other established local businesses on this parade.
Terms & Timescales
This property is being sold subject to unconditional purchase premium auction terms and conditions.
Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack
A legal pack is available for this property. We strongly advise all potential bidders to thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,600) which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3,600 inc VAT. This does not form part of the purchase price.
More Information
For further information please contact our auction department on 0191 4870011 or email hello@auctionworks.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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 (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.
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