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Bishop Auckland – Freehold Shop Investment

For sale: £75,000.00|1,360 Sq Ft|Retail, General Retail, Retail - High Street

Property details

FOR SALE£75,000.00
SIZE1,360 Sq Ft
ADDRESS61 Newgate Street, Bishop Auckland, County Durham DL14 7EW
TYPERetail, General Retail, Retail - High Street
TENUREFor Sale Freehold
POSTED ON31st May 2020

Description

Investment Consideration:
Town centre location. Opposite Halifax and Peacocks.
The property is arranged on ground and one upper floor to provide a ground floor shop with ancillary accommodation at first floor level.
VAT is applicable to this property .
Occupiers close by include Halifax, Thomas Cook, Post Office, Santander and Ladbrokes.

Property Description:
The property is arranged on ground and one upper floor to provide a ground floor shop with ancillary accommodation at first floor level.

The property provides the following accommodation and dimensions:
Ground Floor Retail/Ancillary: 96.15 sq m (1,035 sq ft)
First Floor Ancillary: 30.19 sq m (325 sq ft)
Gross Frontage: 5.49 m (18’3” ft)

Tenancy:
The entire property is at present let to The Towel Rail Limited t/a Yorkshire Linen for a term of 3 years from 18th January 2018 at a current rent of £4,980 per annum. The lease contains full repairing and insuring covenants.

Location:
Bishop Auckland is an attractive market town with a population of some 26,000, located on the River Wear, 9 miles south of Durham and 13 miles north of Darlington. The property is situated on the centre of Newgate Street, close to its junction with Victoria Avenue on the main retail thoroughfare in the town centre. Occupiers close by include Halifax, Thomas Cook, Post Office, Santander and Ladbrokes.

Location

marker
Location: 61 Newgate Street, Bishop Auckland, County Durham DL14 7EW

Bishop Auckland (0.3 miles)

Shildon (2.7 miles)

Newton Aycliffe (4.6 miles)

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