4 Market Place, Bishop Auckland DL14 7NJ

The premises are in a prominent position in Market Place close to the junction with Newgate Street, the principal high street retailing destination for the town. Occupiers in the immediate vicinity include the Spanish Gallery, Bishop Auckland Castle, Wetherspoons, O2 and Sports Direct.

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

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

Total Ground Floor 110.8 m2 (1,170 sq ft)

DWC
• Open Plan but currently split into 4 spaces.
• IT trunking
• LED lighting
• Carpeted

LEASE 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 commencing rent of £15,000 per annum exclusive.
The service charge is £1,250 per annum for current year.

RATING
Rateable Value 2023 - £6,900

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.

VAT
No VAT is charged on the rent.


Accommodation:
Retail / Office: 1,170.00 sqft