Retail premises to let 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 Specsavers, Greggs and cex. Bishop Auckland is a well- established market town. Durham City is approximately 12 miles to the north east and Darlington is approximately 13.5 miles to the south. Bishop Auckland offers a great selection of transport links to nearby towns and cities.

Description

The subject property comprises a retail premises with an extensive and prominent frontage with floor to ceiling windows within a four storey, brick-built building. Internally there is a large retail area to the front of the shop with concrete beams spread throughout. To the rear of the property there is staff w/c facilities, office space and rear access to the car park and bin storage with access to the upper floors also to the rear.

Ground 866.00 sq m 9,322 sq ft
First 470.96 sq m 5,069 sq ft
Second 221.65 sq m 2,386 sq ft
Third 181.36 sq m 1,952 sq ft

Rating assessment

Description rv Estimated Rates Payable
Shop and Premises £59,000 £30,208

We are advised that the rateable value of the premises as at 1 April 2017 is £59,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Large Business Rate Multiplier of 51.2p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC rating

C68

Terms

The property is available by way of a new lease with terms to be agreed. Further information is available on request.

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.