* Freehold
* Shop To Let
* Busy Town Centre Location
* Close to Peacocks, Halifax, Specsavers
* And Bon Marche
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 in a prominent position on to Newgate Street, the principal
high street retailing destination for the town. Retailers in the immediate
vicinity include Peacocks, Halifax, Specsavers and Bon Marche.
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.
**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 £20, 000 per
annum exclusive.
**Price**
The Freehold of the whole property might be available at £200, 000. The uppers
could potentially offer residential conversion potential having independent
access and a natural room layout off a main corridor.
**Rating**
Rateable Value 2023 - £10, 000. Ubr 2023/2024 – 49. 9p in the £. Under current
government legislation Small Busi - ness 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: 1, 291. 00 sqft
Ground floor staff / stores: 147. 00 sqft
Total: 1, 438. 00 sqft

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