The Bank, Barnard Castle
£210,000
Guide price
Guide price
Sold
Bedrooms: 4
The property is offered for sale through the Modern Method of Auction which is operated by iamsold Limited. We are delighted to offer this substantial double fronted Grade II listed building comprising both retail and residential accommodation over three floors with huge potential situated on the Bank, a highly sought after area within Barnard Castle. The commercial element is found on the ground floor and there are also two residential units on the first and second floors above a separate entrance. The property is offered with vacant possession upon completion and no onward chain. Viewing is highly recommended to appreciate the size of the accommodation on offer.
Bishop Auckland 15 miles, Darlington 16 miles, Durham 25 miles, Newcastle upon Tyne 42 miles, A1(M) 15 miles. Please note all distances are approximate. Situated in the historic market town of Barnard Castle, this property provides easy access to the amenities within the town and its surrounding area. Darlington and Bishop Auckland are both within close proximity, while the cities of Newcastle, Durham, York and Leeds also easily accessible. There are main line train stations at Darlington and Durham, with International Airports to be found at Newcastle and Leeds/Bradford. The property lies within easy reach of the A66 and A1(M) bringing many areas within commuting distance.
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Commercial
The ground floor is currently separated into two commercial units one currently used as a coffee shop and retail sales area with store and door to courtyard to the rear and the second unit is a retail unit with storage to the rear and separate WC with further access to a courtyard area.
Residential Accommodation
There are two residential Apartment access via the rear of the property at fist floor level. Courtyard Apartment is a one bedroom apartment and Cloak Apartment is a three bedroom apartment.
Courtyard Apartment
The courtyard apartment is situated on the first floor and comprises a kitchen, bedroom, living room and shower room/w.c.. This Apartment is currently let/tenanted on an Assured Shorthold Agreement.
Clock Apartment
The clock apartment comprises a utility room, kitchen, living room, three bedrooms and a house bathroom/w.c..
Externally
To the rear of the property there is an enclosed courtyard.
EPC
There are two residential EPCs for the Apartments 'The Clock Flat' and 'Courtyard Flat'. The ground floor Commercial EPC is available upon request.
Tenure
The property is believed to be offered freehold with vacant possession on completion.
Local Authority and Council Tax
Durham County Council Tel: 03000 26 00 00.
For Council Tax purposes the 'Courtyard Apartment' is banded A and 'Clock Apartment' is banded B.
Rateable Value for No.10 - 2021/22 £5400 - No. 10A - 2016/17 £3350 (Awaiting confirmation of most recent billing)
Particulars
Particulars written in October 2022. Amended August 2023.
Photographs taken in October 2022.
Bishop Auckland 15 miles, Darlington 16 miles, Durham 25 miles, Newcastle upon Tyne 42 miles, A1(M) 15 miles. Please note all distances are approximate. Situated in the historic market town of Barnard Castle, this property provides easy access to the amenities within the town and its surrounding area. Darlington and Bishop Auckland are both within close proximity, while the cities of Newcastle, Durham, York and Leeds also easily accessible. There are main line train stations at Darlington and Durham, with International Airports to be found at Newcastle and Leeds/Bradford. The property lies within easy reach of the A66 and A1(M) bringing many areas within commuting distance.
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Commercial
The ground floor is currently separated into two commercial units one currently used as a coffee shop and retail sales area with store and door to courtyard to the rear and the second unit is a retail unit with storage to the rear and separate WC with further access to a courtyard area.
Residential Accommodation
There are two residential Apartment access via the rear of the property at fist floor level. Courtyard Apartment is a one bedroom apartment and Cloak Apartment is a three bedroom apartment.
Courtyard Apartment
The courtyard apartment is situated on the first floor and comprises a kitchen, bedroom, living room and shower room/w.c.. This Apartment is currently let/tenanted on an Assured Shorthold Agreement.
Clock Apartment
The clock apartment comprises a utility room, kitchen, living room, three bedrooms and a house bathroom/w.c..
Externally
To the rear of the property there is an enclosed courtyard.
EPC
There are two residential EPCs for the Apartments 'The Clock Flat' and 'Courtyard Flat'. The ground floor Commercial EPC is available upon request.
Tenure
The property is believed to be offered freehold with vacant possession on completion.
Local Authority and Council Tax
Durham County Council Tel: 03000 26 00 00.
For Council Tax purposes the 'Courtyard Apartment' is banded A and 'Clock Apartment' is banded B.
Rateable Value for No.10 - 2021/22 £5400 - No. 10A - 2016/17 £3350 (Awaiting confirmation of most recent billing)
Particulars
Particulars written in October 2022. Amended August 2023.
Photographs taken in October 2022.
01833 908027
GSC Grays - Barnard Castle
12 The Bank, Barnard Castle, County Durham
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