26 Church Street, Shildon, County Durham, DL4 1DX
£39.60 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,010 sq ft
94 sq m
- SECTOR
Commercial property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 18TH SEPTEMBER 2025 (UNLESS SOLD PRIOR).
- FREEHOLD
- High Street Location
- Producing £4,740 per annum
- Gross Yield 11.9%
Description
Occupying a prominent trading position in the centre of the town which includes a Ladbrokes and Post Office as well as host of local traders.
Shildon is located just off the A6072 and is approx. 2½ miles southeast of Bishop Auckland and 7 miles from Junction 60 of the A1(M)
PROPERTY
A mid terrace building comprising a Ground Floor Restaurant with internal access to Ancillary Store on the first floor.
ACCOMMODATION¹
Ground Floor Restaurant (Approx. 30 covers)
Gross Frontage 14'3"
Built Depth 48'9"
Area Approx. 696 sq ft
First Floor Ancillary
Area Approx. 314 sq ft
WC
Total Area Approx. 1,010 sq ft
¹Not inspected by Barnett Ross. Areas taken from VOA.
VAT is NOT applicable to this Lot
FREEHOLD
TENANCY
The entire property is let on a repairing and insuring Law Society lease to M. H. Sadek as an Indian Restaurant for a term of 5 years from 19th April 2021 (see Note 1) at a current rent of £4,740 per annum exclusive.
Note 1: The property has traded as an Indian Restaurant since 2017.
Note 2: 6 Week Completion
Brochures
26 Church Street, Shildon, County Durham, DL4 1DX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shildon Station0.6 miles
- Bishop Auckland Station2.0 miles
- Newton Aycliffe Station2.7 miles
Notes
Disclaimer - Property reference Shildon. 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 Barnett Ross, Barnett Ross. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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