sw.co.ukDAME MARGARET HALL, WASHINGTON VILLAGE, WASHINGTON NE38 7BG

FOR SALE RESIDENTIAL FREEHOLD INVESTMENT

DAME MARGARET HALL, WASHINGTON VILLAGE, WASHINGTON NE38 7BG

LocationWashington is a district within Tyne and Wear and lies approximately 10 miles south east ofNewcastle City Centre and 7.5 miles west of Sunderland City Centre. The scheme is situated on TheAvenue which in turn provides direct access into Washington Town Centre 4 miles to the west ofA1(M).

DescriptionDame Margaret Hall is a stunning Grade II Listed building which has been converted into 16 uniqueapartments. The old hall has a historic background, being the former home of Sir Issac Bell, beforehis wife Margaret donated the property for use as an orphanage, hence the name Dame MargaretHall. The east wing is a modern addition to the estate, with 18 purpose built apartments enjoying asecluded position to the rear of the grounds. The hall benefits from extensive grounds and subject torelevant planning permission, may be suitable for further residential development.

ServicesWe understand that all main services are available on the site, however, interested parties are invitedto determine the exact position of the services and arrange any modification or connection at the sitewith the relevant service providers.

Legal CostsEach party to be responsible for their own legal costs incurred in any transaction.

VATAll prices quoted are deemed exclusive of VAT where applicable.

Money LaunderingIn accordance with Anti-Money Laundering Regulations, two forms of identification and confirmationof the source of funding will be required from the successful purchaser.

EPCThe new block has an EPC rating of Band C (70-80). Full copies of all EPC’s are available ifrequired.

Price

We are instructed to seek offers in excess of £2.12 million, subject to contract.

The sale is for the freehold of the entire site including 22 flats still owned by our

client. 12 flats and the lodge have been sold on a long leasehold basis as per

the tenancy schedule provided.

Offers are invited for the freehold interest, subject to contract. Offers should be

sent to Sanderson Weatherall marked for the attention of Kevin McGorie and

enclose future proposals and source of finance. Offers are to be received no

later than 12 noon on Friday 13th September 2019.

Please note our client is not obliged to accept the highest or any offer received.

DAME MARGARET HALL, WASHINGTON VILLAGE, WASHINGTON NE38 7BG

DAME MARGARET HALL, WASHINGTON VILLAGE, WASHINGTON NE38 7BG

Unit Status Accommodation Start End Rent (pcm) Ground Rent

The Lodge LLH N/A 01/01/2003 21/12/2127 N/A £100

Apartment 1 – Old Hall AST 3 Bedroom 01/01/2018 31/06/2018 £850 N/A

Apartment 2 – Old Hall AST 1 Bedroom 05/06/2019 04/12/2019 £595 N/A

Apartment 3 – Old Hall AST 1 Bedroom 01/04/2014 31/03/2015 £525 N/A

Apartment 4 – Old Hall LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Apartment 5 – Old Hall AST 2 Bedroom 26/10/2018 25/04/2019 £650 N/A

Apartment 6 – Old Hall Vacant 2 Bedroom - - N/A N/A

Apartment 7 – Old Hall Vacant 2 Bedroom - - N/A N/A

Apartment 8 – Old Hall AST 2 Bedroom 16/11/2015 15/05/2016 £675 N/A

Apartment 9 – Old Hall AST 2 Bedroom 23/12/2016 22/06/2017 £650 N/A

Apartment 10 – Old Hall AST 2 Bedroom 01/04/2016 30/09/2016 £675 N/A

Apartment 11- Old Hall Vacant 2 Bedroom - - N/A N/A

Apartment 12 – Old Hall (Vacant)

AST 2 Bedroom - - N/A N/A

Apartment 14 – Old Hall Vacant 2 Bedroom 14/02/2019 13/08/2019 £600 N/A

Apartment 15 – Old Hall AST 2 Bedroom 25/01/2016 24/07/2016 £625 N/A

Apartment 16 – Old Hall Vacant 2 Bedroom - - N/A N/A

Apartment 17 – Old Hall AST 1 Bedroom 09/08/2019 08/02/2020 £575 N/A

Tenancy

Schedule

DAME MARGARET HALL, WASHINGTON VILLAGE, WASHINGTON NE38 7BG

Unit Status Accommodation Start End Rent (pcm) Ground Rent

Flat 1 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 2 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 3 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 4 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 5 – East Wing AST 2 Bedroom 09/09/2018 08/03/2019 £550 N/A

Flat 6 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2027 N/A £100

Flat 7 – East Wing AST 2 Bedroom 24/05/2019 23/11/2019 £600 N/A

Flat 8 – East Wing AST 2 Bedroom 23/07/2018 22/02/2019 £600 N/A

Flat 9 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 10 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 11 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 12 –East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 14 – East Wing AST 2 Bedroom 07/04/2017 07/10/2017 £575 N/A

Flat 15 – East Wing AST 2 Bedroom 10/08/2018 10/02/2019 £525 N/A

Flat 16 – East Wing AST 2 Bedroom 07/02/2015 06/02/2016 £580 N/A

Flat 17 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 18 – East Wing LLH 2 Bedroom 01/01/2003 31/12/2127 N/A £100

Flat 19 – East Wing AST 2 Bedroom 13/06/2016 12/12/2016 £550 N/A

Tenancy

Schedule

Continued

DAME MARGARET HALL, WASHINGTON VILLAGE, WASHINGTON NE38 7BG

Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These

particulars do not constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of

representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars;

4) The vendor(s) or lessor(s) do not make or give and neither Messrs Sanderson Weatherall LLP nor any person in their employment has any authority to make or give any

representation or warranty whatsoever in relation to this property; 5) None of the building’s services or service installations (whether these be the specific responsibility of the

freeholder, lessor or lessee) have been tested and are not warranted to be in working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of

VAT. Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008; Every reasonable effort has been made by

Sanderson Weatherall to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to

verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice.

Sanderson Weatherall LLP Registered in England company number OC 344 770 Registered Office 6th floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL

sw.co.uk

Strictly by prior appointment with the agents:

Kevin McGorie0191 269 0174

kevin.mcgorie@sw.co.uk

Charlotte Marshall 0191 269 0132

charlotte.marshall@sw.co.uk

Sanderson Weatherall Central Square South

Orchard Street Newcastle upon Tyne

NE1 3AZ

August 2019