Retail premises for sale in Newgate Street, Bishop Auckland DL14

Fixed price £200,000 (£469.21/sq. ft)
Retail premises for sale 40 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

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

Property features

  • Weekly Sales circ. £12,000
  • 2 Bedroom property
  • Town centre location
  • Established 30 years
  • Retirement sale
  • Freehold price: £200,000

Property description

Key Features
Weekly Sales circ. £12,000
2 Bedroom property
Town centre location
Established 30 years
Retirement sale

Freehold price: £200,000

Located in the town of Bishop Auckland, County Durham in the North East of England. Bishop Auckland is a market town and civil parish in County Durham in north east England. It is located about 12 miles northwest of Darlington, 12 miles southwest of Durham.

The Business
Located on the main street central within the town, this well established business is situated on alongside many other businesses and close to local amenities. The business is currently operating as a cigarettes, tobacco and newsagent, with the addition of alcohol sales. The shop runs on limited trading hours closing at the late afternoon time 4pm everyday except Sunday, when it is closed all day. This has been established as a newsagent for over 40 years of which our client has owned the business and property since 2015.

The freehold sale is due to early retirement. There are a full 3 years of audited accounts available upon request following viewing.

There is rear access to the accommodation off Tenters Street leading to the first floor incorporating kitchen/living area and bath/shower room. Stairs lead to the second floor containing the two bedrooms with an additional stairway access to the loft area. The accommodation is currently rented out at £400 per month on an stta rolling contract expiry October 2021.

A rare freehold opportunity with option available to open beyond the late afternoon closing time.

Gross Annual Income

Trading Hours
Monday To Saturday 7:45am - 4pm
Sunday closed all day

Premises Licence
Monday To Sunday 8am - 11pm

Staff Employed
Owners on 42hrs. Two part time staff on 9hrs each

Commission on Services
Lottery commissions £13,000/year
Paypoint £2,500/year

Stock Value
Approx £15,000

Ground Floor Retail Area: 24.9m² (ft²)
Ground Floor Storage Area: 14.7m² (ft²) inc. Storage, cupboard and W.C.

Rateable Value* £7,300
* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) click here for more information

All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 BUSINESSES FOR SALE). See our disclaimer page for more details.

Any viewings for the business and/or property are to be made strictly by appointment only through A1 BUSINESSES FOR SALE. No approach should be made directly to the owner or any of their employees.

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

Arrange Viewing

For more information about this property, please contact
A1 BUSINESSES FOR SALE, YO10 on +44 1904 918748 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by A1 BUSINESSES FOR SALE, and do not constitute property particulars. Please contact A1 BUSINESSES FOR SALE 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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