51 Newgate Street, Bishop Auckland DL14 7EW

The premises are located in a prominent position with return frontage on to Newgate Street, the principal high street retailing destination for the town. Retailers in the immediate vicinity include Halifax opposite, Peacocks, Ladbrokes, Boyes.

Bishop Auckland is a historic market town situated in the North East of England, 12 miles South of Durham and 14 miles North of Darlington with a resident population of approximately 24,764 persons.

The Town is undergoing positive change with a reported £30m private investment in Bishop Auckland Castle and the growing internationally acclaimed Kynren Production attracting over 8,000 visitors to the town every weekend during the summer season.

TERMS
The property is available by way of a new Full Repairing and Insuring lease for a minimum term of 5 years at an initial rent of £8,500 per annum exclusive. (Approx. £163 per week)

RATING
Rateable Value (2023) - £4,550
UBR 2024/2025 – 49.9p in the £

Under current government legislation Small Business Rates Relief could result in no rates being payable on the unit subject to individual circumstances.
Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority.

Accommodation:
Ground floor sales: 412.00 sqft
First floor sales: 432.00 sqft
Total: 844.00 sqft