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AGENT'S DETAILS


Bishop Auckland – Freehold Shop Investment

For sale: £90,000.00|2606 Sq Ft|Retail, Retail - High Street, Restaurant/Cafes, Office, Offices

PROPERTY DETAILS

FOR SALE£90,000.00
SIZE2606 Sq Ft
ADDRESS82 Newgate Street, Bishop Auckland, Durham DL14 7EQ
TYPERetail, Retail - High Street, Restaurant/Cafes, Office, Offices
TENUREFor Sale Freehold
POSTED ON31st May 2020

DESCRIPTION

Investment Consideration:
A two storey mid terrace building comprising a ground floor café/takeaway with ancillary accommodation above. Small Rear Courtyard.
The property fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland.
VAT is NOT applicable to this property
Occupiers nearby include Halifax, Santander, Ladbrokes and more.

Property Description:
The property is a two storey mid terrace building comprising a ground floor café/takeaway with ancillary accommodation above.

The property provides the following accommodation and dimensions:
Ground Floor: 140.3 sq m (1,510 sq ft)
Front retail area, Rear Seating area, WC, Outside Covered Seating area
First Floor: 101.8 sq m (1,096 sq ft)
Kitchen, Preparation Area, Office, Male & Female W.C.

Tenancy:
The shop is at present let to C L Gardener t/a café/takeaway for a term of 6 years from 13th September 2019 at a current rent of £7,200 per annum and the lease contains full repairing and insuring covenants. The lease provides for a rent review every third year and the tenant has an option to determine on the 13th September 2022. Rent deposit held of £600.

Location:
Bishop Auckland is a market town in County Durham in north east England. It is located about 12 miles (19 km) northwest of Darlington, 12 miles (19 km) southwest of Durham and approximately 32 (51 km)miles south of Newcastle. The nearest motorway junction is Junction 60 of the A1(M), which is around 8 miles away. The property fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland.

LOCATION

Location: 82 Newgate Street, Bishop Auckland, Durham DL14 7EQ

Bishop Auckland (0.2 miles)

Shildon (2.6 miles)

Newton Aycliffe (4.6 miles)

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