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Town Centre Retail Units With Parking, 108-108A Newgate Street, Bishop Auckland, DL14 7EQ

702 to 1,584 Sq Ft / Retail / General Retail

To Let - £10,000.00 per annum

Available - Last updated: 27 July 2022

The subject property is a block of three rectangular shaped ground floor retail units with glazed frontage to Newgate Street together with self-contained first floor offices.

Internally the units provide retail sales, kitchen and WC facilities to the rear and are secured by electric roller shutters and security alarm systems.

Location

The properties are located in the heart of Bishop Auckland Town Centre, in the prime shopping area of Newgate Street at the junction with Princes Street.

Surrounding occupiers include Subway, British Red Cross, Boyes, Co-operative Travel and Darlington Building Society.

Accommodation

The units can be interconnected and leased in whole or in part. The floor areas are as follows:

108 Newgate Street – 82 sq m (883 sq ft)

108A Newgate Street – 65.20 sq m (702 sq ft)

Total – 147.20 sq m (1,584 sq ft)

Terms

TERMS - The units are each available by way of new EFRI leases for a term of years to be agreed at a rent from £10,000 pax. Rent for units 108 & 108A combined on application.

RATING ASSESSMENT - We understand that the below rateable values are effective from 1 st April 2017. 108 Newgate Street – £6,700 108A Newgate Street – £6,000 Under current government legislation, Small Business Rate Relief would result in no rates being payable (subject to eligibility). Some assessments may have been the subject of appeal and it is therefore, recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority. As a new occupier, rights of appeal may exist against the assessment.

ENERGY PERFORMANCE - EPC’s available on request.

LEGAL COSTS - Each party to be responsible for their own costs incurred in this transaction.

VAT - All rents, premiums and purchase prices quoted herein are exclusive of VAT.

Specification

  • Ground Floor Retail Accommodation from 65.20 sq m (702 sq ft) to 147.20 sq m (1,584 sq ft)
  • Prominent Town Centre Location at Junction with Princes Street
  • Surrounding Occupiers Include: Subway, British Red Cross, Co-operative Travel and Boyes
  • Car Parking to Rear
  • First Floor Office Space Also Available (Further Details on Request)
  • No Business Rates on Individual Units (Subject to Eligibility)
  • New EFRI Leases Available from only £10,000 pax

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
From To Let £10,000.00 per annum

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Contact agents

Daryl Carr

Graham S Hall Chartered Surveyors

0191 394 0036



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