House For Sale £150,000
High Street, Jarrow

Attention Investors and Property Developers!

An excellent investment opportunity to acquire a freehold mixed-use property with possibility to be converted into apartments or alternatively, demolish the existing structure and built new town houses. The property comes to the market with two planning permissions in place.
Planning 1 - (Active) turn the downstairs pub into a three disabled flats (in very high demand by the local council)
Planning 2 - (Lapsed) - demolish the current building and build 5 x 4 bed residential houses
The local council is very cooperative and open to other proposals from developers.

The property consists of: Please see the floorplan

Basement
Cellar
Room 1
Room 2
Room 3
Room 4

Ground floor
Garage
Ladies toilets
Gents toilets
Bar Area

First floor
2 Bedroom flat
- Kitchen
- Bathroom 1
- Lounge/dining
- Bedroom 5
- Bedroom 6
- Bathroom 2
- WC 1
- WC 2
- Bedroom 4
- Bedroom 3
- Bedroom 2
- Bedroom 1

Second Floor
- Room 1 (Storage)
- Room 2 (Storage)

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 buyer's solicitor (for standard Grade 1 properties). 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 verificat