Retail premises for sale in Victoria Avenue, Bishop Auckland DL14

£350,000 (£33.59/sq. ft)
Retail premises for sale 10,420 sq. ft*
Interested in this property? Call +44 191 686 9796 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location


The property is located on the corner of Newgate Street and Victoria Avenue in the historic town of Bishop Auckland in County Durham. Bishop Auckland lies 12 miles south west of Durham Town Centre and 14 miles north west of Darlington.

Newgate Street is a prime shopping pitch in the town and benefits from national retailers such as Boots, Specsavers and Greggs. Bishop Auckland bus station is 0.2 mile away and Bishop Auckland Train Station is 0.5 miles away. Short term parking is available on Newgate Street.


Description


47 Newgate Street comprises a retail unit which is arranged over basement, ground, first and second floors. The property occupies a prominent corner position with the benefit of return frontage onto both Newgate Street and Victoria Avenue. There is self-contained access to the rear of the property.

The property has the benefit of planning for: Conversion of the first and second floors from retail A1 to seven no. 1 and 2 bedroom flats with external alterations |Planning reference for DM/19/01627/fpa.

28/29 Victoria Avenue is a ground floor retail unit let to an individual for a term of 15 years from December 2010 with 5 yearly rent reviews (2020 review outstanding) trading as a Post Office for an annual rent of £5,000 per annum.


Accommodation


47 Newgate Street
Ground Floor Retail 151m² (2,702ft²)
First Floor Retail 140m² (2,408ft²)
Second Floor 221m2 (2,384ft2)
Basement Storage 152m² (1,689ft²)

28/29 Victoria Avenue
Ground floor retail 115m² (1,237ft²)

Total 968m2 (10,420ft2)


Rating assessment


Description rv Estimated Rates Payable
Shop and Premises £25,750 £12,849.25

We are advised that the rateable value of the premises as at 1 April 2017 is £25,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.


EPC rating


C51


Terms


The Freehold is available for sale with the benefit of planning permission as for £350,000 (Three Hundred and Fifty Thousand Pounds).


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.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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