Investment Consideration:
Vacant possession
ERV: £7,800 p.a. GIY: 15.60%
VAT is NOT applicable to this property
Comprises two-storey retail premises with rear covered courtyard
Fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland with occupiers nearby include Halifax, Santander, Ladbrokes and more.
Property Description:
Comprises two-storey mid terrace building arranged as a ground floor shop with ancillary accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: 140.3 sq m (1,510 sq ft)
Front and rear retail areas, WC, Outside Covered Seating area
First Floor: 101.8 sq m (1,096 sq ft)
Ancillary, Preparation Area, Office, Male & Female W.C.
Total area size: 242.10 sq m (2,606 sq ft)
Tenancy:
The entire property is at present vacant. ERV: £7,800 p.a.
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 miles (51 km) 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.
