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1 bedroom commercial property for sale

Newgate Street, Bishop Auckland, DL14 7EH

£80,000

Property Description

Key features

  • THREE STOREY BUSINESS PREMISES
  • TOWN CENTRE LOCATION
  • GAS CENTRAL HEATING
  • WATER METER
  • OPEN PLAN SHOP FLOOR
  • FITTED WITH SHOP FRONT SHUTTERS
  • POTENTIAL YIELD OF 10.6%
  • EPC GRADE C

Full description

This business premises is situated on Newgate Street in the popular market town of Bishop Auckland and has the benefit of being close to a wide range of reputable businesses. It is located about 12 miles northwest of Darlington and 12 miles south west of Durham. The target rent is £8,500 per anum, which gives a potential yield of 10.6%.

Split over three storeys the premises benefits from gas central heating system throughout along with shop front roller shutters to the front of the premises. To the back of the property the land is owned by the neighbouring business, however there is also a high fence installed by the council allowing for extra security.

The premises has been well maintained by the current tenants and comprises of an open plan shop floor with wc and fire escape to the rear of the premises. The first floor contains an open plan area with two good sized office rooms along with WC and kitchen area and further staircase leading to the third floor. This room offers adequate space and can currently only used for storage requirements.

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