Retail Property (high street) for sale

Newgate Street, Bishop Auckland

£150,000

Property Description

Key features

  • Ground Floor Retail Extending 58 m2 (628 f2)
  • Prominent Town Centre Location
  • First & Second Floor Internal Storage 50 m2 (538 f2) Suitable for Residential Development STP
  • Nearby Occupiers Include Morrisons, Subway, Wilko and Boots
  • Premium Offers Invited for Established Local Business
  • Freehold 150,000

Full description

SITUATION

Bishop Auckland is a well established market town situated 25 miles South of Newcastle Upon Tyne, 20 miles North West of Middlesbrough and 8 miles South West of Durham City.

The property is located in the heart of Bishop Auckland Town Centre, in the prime shopping area of Newgate Street close to Morrisons Superstore and other large retailers such as Subway, Wilko, Topman, Boots and WHSmith.

 

DESCRIPTION

The subject property comprises a well maintained 58 m<sup>2 </sup>(628 f<sup>2</sup>) ground floor retail unit with glazed frontage, gas central heating, air conditioning, compact fluorescent lighting and a staff/storage area including kitchen and WC facilities to the rear.

 

The first and second floors are currently used as storage but subject to planning and some minor alterations, would make attractive town centre residential apartments.

 

The property has been fitted with a security alarm system and the shop front is secured by electric roller shutters. We are advised that the slate roof was replaced approximately 10 years ago and appears to be in excellent condition.

 

PURCHASE PRICE

Our client is seeking £150,000 for the benefit of their freehold interest. We would also invite premium offers from anyone interested in taking over this well established local hairdressing business.

 

RATING ASSESSMENT

Description                                          RV

 

Hairdressing Salon                             £4,700

& Premises

 

We are advised that the rateable value of the premises as at 1 April 2010 is £4,700. Any interested party should however, make their own enquiries with the Local Authority to determine the current position.

 

ENERGY PERFORMANCE

The property has an energy performance rating of 174 within Band G.

 

LEGAL COSTS

Each party is to bear their own legal costs involved in the transaction.

 

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

 

VIEWING

For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.


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More information from this agent

Nearest stations

  • Bishop Auckland (0.2 mi)
  • Shildon (2.8 mi)
  • Newton Aycliffe (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bradley Hall Chartered Surveyors & Estate Agents, Durham

26-27 New Elvet, Durham, DH1 3AL

0191 687 0399 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bishop Auckland (0.2 mi)
  • Shildon (2.8 mi)
  • Newton Aycliffe (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bradley Hall Chartered Surveyors & Estate Agents, Durham

26-27 New Elvet, Durham, DH1 3AL

0191 687 0399 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4981858. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bradley Hall Chartered Surveyors & Estate Agents, Durham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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