Cost
Informal Tender Due 31st March 2023
Size
0.75 Acres
Turford Avenue, TS3 9AT
LOCATION The site forms part of a former social club and bookmakers situated within the Brambles Farm part of Middlesbrough which is accessed via Turford Avenue, this residential estate is situated off of Cargo Fleet Lane (A171) which forms one of the main artery roads through Middlesbrough. The estate is almost directly in the centre of Middlesbrough with community and residential operators surrounding it. To the front of the site there is a children’s nursery, to the South/East of the site there is a place of worship, to the East of the site is a school and the remaining elevations are residential.
DESCRIPTION The site is set over 0.75 acres of hardstanding land there are three buildings existing on the site they are; 1. The former social club 2. The former bookmakers 3. The substation (currently let to Northern Powergrid) The site is secured by palisade fencing and with two locked gates to the front of the property.
PLANNING In principle, potentially acceptable uses for this property would be for residential or community purposes, subject to any proposal being assessed on its own merits and subject to the purchaser obtaining planning permission TENURE The site is in the Freehold ownership of Middlesbrough Council.
OFFERS Align Property Partners are inviting offers by way of informal tender with submissions to be made no later than 1pm on Friday 31st March 2023. A pack containing additional information and offer forms is available from Align Property Partners on request.
PROCEDURE All bids are to be returned by 1pm on Friday 31st March 2023. Informal bids should be submitted on the offer form which can be provided upon request. The envelope should have no other name or mark (e.g. franking marks) indicating the identity of the sender. Offers will not be considered unless they are submitted and sealed in the envelope tendered. Any offer returned after the closing date will not be accepted under any circumstances. The vendor is not bound to accept or consider the highest or any offer
LEGAL COSTS The purchaser will be required to pay the Council’s reasonable legal fees (equivalent to 1.50% of the purchase price) and surveyors fees (equivalent to 2.75% of the purchase price) in two equal instalments. Fees will be subject to capped minimum payments of £1,500 (legal) & £2,750 (surveyors) The Council will require any purchaser to provide a non-refundable deposit equivalent to 10% of the purchase price plus a non-refundable contribution amounting to 50% of the Council’s legal and surveyors’ fees.
