Retail premises to let in Newgate Street, Bishop Auckland DL14

Location

The property is located in the heart of Bishop Auckland Town Centre, in the prime shopping area of Newgate Street which benefits from local and national occupiers including British Heart Foundation, Hays Travel, Gentle Nails, Longstaff’s Family Bakers and Simon’s Butchers.

The property is within close proximity to the A689 which provides easy access to the A688 to the south and joins Crook to the north west.

The property is approximately 0.4 miles from Bishop Auckland train station and 0.5 miles from Bishop Auckland hospital. Durham is approximately 11 miles to the north east and Darlington is approximately 15 miles to the south east.

Description

The subject property comprises of a ground and first floor retail premises which forms part of a terrace. The property benefits from large glass window frontage.

The property comprises open plan retail accommodation which may be suitable for a variety of uses within Use Class E.

Accommodation

Ground floor 111.6m² 1,201ft²
First floor 57.8m² 622ft²
Total 169.4m² 1,823ft²

Rating assessment

Description rv Estimated Rates Payable
Shop and Premises £8,500 £4,241.50

We are advised that the rateable value of the premises as at 1 April 2017 is £8,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC rating

D88

Terms

The property is available by way of a new lease with terms to be agreed at £9,000 (Nine Thousand Pounds) per annum.

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.