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Retail Property (high street) to rent

Newgate Street, Bishop Auckland, County Durham, DL14

£2,250 pcm

Property Description

Full description

LOCATION
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 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 next door, Peacocks, Ladbrokes, Boyes and Beales Department Store.

The Town has is undergoing positive change with a reported 30m private investment in Bishop Auckland Castle and the growing internationally acclaimed Kynren Production https://elevenarches.org/ attracting over 8000 visitors to the town every weekend during this first summer 2016.

ACCOMMODATION
The property provides the following approximate net internal areas and dimensions:-

The accommodation is arranged over ground and first floor levels and provides the following options for whole or split:

72-74 Newgate Street
Internal Width (max) 11 m (36' 09")
Ground Floor Sales 323.9 m2 (3,486 sq ft)
First Floor Sales & store 345.7 m2 (3,721 sq ft)
WC & Ancillary

74 Newgate Street
Internal Width (max) 3.5 m (11' 06")
Shop Depth 25.0 m (82' 00")
Ground Floor Sales 81.0 m2 (875sq ft)
First Floor Sales & store 237.6 m2 (2,557 sq ft)
WC & Ancillary

3 car space to go with 74 Newgate

TERMS
The property is available by way of a new Full Repairing and Insuring lease for a term of years to be agreed, sub-ject to 5 yearly upward only rent reviews at an initial rent of:

72-74 Newgate Street: 27,000 per annum exclusive
74 Newgate Street: 9,000 per annum exclusive

Vat is charged on the rent.

RATING
Rateable Value (2010) - 55,500
UBR 2016/2017 - 49.7p in the

Applying this rate gives an annual payable figure of approximately 27,335

Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority.


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