Retail premises for sale in Newgate Street, Bishop Auckland DL14

Location
Bishop Auckland is a market town which is located approximately 10 miles northwest of Darlington and 9 miles southwest of Durham City. Newgate Street is the prime shopping area, and the subject property is well located near to the junction with South Church Street with other nearby occupiers including Saks Hair, Lifestyle Estate Agents, Dowen Estate Agents and British Heart Foundation.

Description
The property comprises well-presented ground floor retail premises together with First Floor office.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor
Sales/Offices/Kitchen 1027 95.41

First Floor
Offices 243 22.57

Tenure
We are advised the property is Freehold.

Asking price
Offers in the region of £95,000 (ninety-five thousand pounds).

Leasehold
Alternatively a new Lease is available at a commencing annual rental of £8,000 for a term of years to be agreed (minimum 3 years) on an effective Fri basis subject to 3 yearly Rent Reviews.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley

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• VAT
Figures quoted exclude VAT where chargeable.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £6,200. The Uniform Business Rate for the Rates Year 2023/2024 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref
DC1139

EPC

Energy Rating E