Under Offer
Bishop Auckland – Vacant Cafe/Retail
82 Newgate Street, Bishop Auckland, Durham DL14 7EQFreehold Vacant Retail Investment
Price
£50,000
Rent P.A.
ERV: £7,800
Tenure
Freehold
Area
2,606 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Vacant possession
- ERV: £7,800 p.a. GIY: 15.60%
- Comprises two-storey retail premises with rear covered courtyard
- Fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland with occupiers nearby include Halifax, Santander, Ladbrokes and more.
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises two-storey mid terrace building arranged as a ground floor shop with ancillary accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: 140.3 sq m (1,510 sq ft)
Front and rear retail areas, WC, Outside Covered Seating area
First Floor: 101.8 sq m (1,096 sq ft)
Ancillary, Preparation Area, Office, Male & Female W.C.
Total area size: 242.10 sq m (2,606 sq ft)
Ground Floor: 140.3 sq m (1,510 sq ft)
Front and rear retail areas, WC, Outside Covered Seating area
First Floor: 101.8 sq m (1,096 sq ft)
Ancillary, Preparation Area, Office, Male & Female W.C.
Total area size: 242.10 sq m (2,606 sq ft)
Tenancy Description
The entire property is at present vacant. ERV: £7,800 p.a.
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Location Description
Bishop Auckland is a market town in County Durham in north east England. It is located about 12 miles (19 km) northwest of Darlington, 12 miles (19 km) southwest of Durham and approximately 32 (51 km)miles south of Newcastle. The nearest motorway junction is Junction 60 of the A1(M), which is around 8 miles away. The property fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland.
