Available
Bishop Auckland – Yorkshire Linen
61 Newgate Street, Bishop Auckland, County Durham DL14 7EWFreehold Shop Investment
Price
£75,000
Rent P.A.
£4,980
Yield
6.64%
Tenure
Freehold
Lease Term
3 Years
Years Left on Lease
Holding Over
Area
1,360 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Town centre location. Opposite Halifax and Peacocks
- The property is arranged on ground and one upper floor to provide a ground floor shop with ancillary accommodation at first floor level
- Occupiers close by include Halifax, Thomas Cook, Post Office, Santander and Ladbrokes
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged on ground and one upper floor to provide a ground floor shop with ancillary accommodation at first floor level.
The property provides the following accommodation and dimensions:
Ground Floor Retail/Ancillary: 96.15 sq m (1,035 sq ft)
First Floor Ancillary: 30.19 sq m (325 sq ft)
Gross Frontage: 5.49 m (18’3” ft)
The property provides the following accommodation and dimensions:
Ground Floor Retail/Ancillary: 96.15 sq m (1,035 sq ft)
First Floor Ancillary: 30.19 sq m (325 sq ft)
Gross Frontage: 5.49 m (18’3” ft)
Tenancy Description
The entire property is at present let to The Towel Rail Limited t/a Yorkshire Linen for a term of 3 years from 18th January 2018 at a current rent of £4,980 per annum. The lease contains full repairing and insuring covenants.
Tenancies & Accommodation
Location Description
Bishop Auckland is an attractive market town with a population of some 26,000, located on the River Wear, 9 miles south of Durham and 13 miles north of Darlington. The property is situated on the centre of Newgate Street, close to its junction with Victoria Avenue on the main retail thoroughfare in the town centre. Occupiers close by include Halifax, Thomas Cook, Post Office, Santander and Ladbrokes.
