Retail premises for sale in Newgate Street, Bishop Auckland DL14

Location

Ideally positioned within an excellent trading position on Newgate Street in the Market town of Bishop Auckland with surrounding units including Virgin Money, EE and Lloyds Bank. Bishop Auckland is a well-established market town which has recently been the beneficiary of a lot of inward investment and . Durham City is approximately 12 miles to the north east and Darlington is approximately 13.5 miles to the south.

Description

The subject property is a stone built retail premises with a timber frame glazed return frontage. Internally the ground floor sales area comprises slat walling, suspended ceilings, carpeted floors and air conditioning. There is a split level approximately 2/3 deep with the benefit of a stair lift and w/c facilities to the rear. The upper floors provide additional storage space and staff facilities access via a staircase.

Accommodation

Ground Floor 197.5m² 2,125ft²
First Floor 61.0m² 656ft²
Second Floor 54.4m² 585ft²
Third Floor 31.3m² 336ft²
Basement 66.7m² 717ft²
Total 410.9m² 4,422ft²

Rating assessment

Description rv Estimated Rates Payable
Shop and Premises £22,500 £11,047.50

We are advised that the rateable value of the premises as at 1 April 2017 is £22,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC rating

C69

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.