Retail premises to let in 68, Newgate Street, Bishop Auckland DL14

Bishop Auckland is a historic market town situated in the North East of England, 12 miles South of Durham and 14 miles North of Darlington with a resident population of approximately 24,764 persons.

The premises are in a prominent position on to Newgate Street, the principal high street retailing destination for the town. Retailers in the immediate vicinity include Peacocks, Halifax, Specsavers and Bon Marche.

The Town is undergoing positive change with a reported £30m private investment in Bishop Auckland Castle, The Auckland Project and the growing internationally acclaimed Kynren production attracting over 8,000 visitors to the town every weekend during peak season.

Lease terms

The property is available by way of a new Full Repairing and Insuring lease for a minimum term of 5 years at an initial commencing rent of £15,000 per annum exclusive.

Price

The Freehold of the whole property might be available at £147,500. The uppers could potentially offer residential conversion potential having independent access and a natural room layout off a main corridor.

Rating

Rateable Value 2023 - £10,000. Ubr 2023/2024 – 49.9p in the £. Under current government legislation Small Busi-ness Rates Relief could result in no rates being payable on the unit subject to individual circumstances.
Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority.

Accommodation:
Ground floor sales: 1,291.00 sqft
Ground floor staff / stores: 147.00 sqft
Total: 1,438.00 sqft