Retail premises for sale in Newgate Street, Bishop Auckland DL14, £150,000
150,000.00
Offer Nr.:
63444312
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Blue Alpine Partners
Phone(s):
020 3641 9157
Email:
* Comprises double fronted ground floor shop and 3 self - contained flats above
* Development potential to split the large shop into 2 individual units, sttp
* Nearbyoccupiers include Morrisons and asda Superstores and more
Investment Consideration:
Rental Income: £13, 140 p. a.
Erv: £21, 140 p. a. Giy: 14. 09%
VAT is notapplicable to this property
Comprises double fronted ground floor shop and 3 self - contained flats at first
floor and loft
Development potential to split the large shopinto 2 individual units, subject
to planning
Nearby occupiers include Morrisons and asda Superstores, Takeaway, Pharmacy
and more.
Property Description:
The propertycomprises double fronted ground floor shop and 3 self - contained
flats at first floor and loft, providing the following accommodation and
dimensions:
Ground Floor Shop:94 sq m (1, 012 sq ft)
First Floor Flat 1: 38 sq m (409 sq ft)
First Floor Flat 2 : 46 sq m (495 sq ft)
Loft Flat 3: 37 sq m (398 sq ft)
Total area size: 215 sq m (2, 314sq ft)
Tenancy:
The retail shop is at present vacant. Erv: £8, 000 p. a.
Flat 1 is at present let on AST to an Individual for a term of 6 Months from
4th November 2022at a current rent of £4, 200 p. a. Deposit held of £350.
Flat 2 is at present let on AST to an Individual for a term of 12 Months from
17th July 2022 at a current rentof £4, 740 p. a. Deposit held of £395.
Flat 3 is at present let on AST to an Individual for a term of 6 Months from
27th October 2022 at a current rent of £4, 200 p.a. Deposit held of £350
Location:
Bishop Auckland is a busy market town in a popular commercial location with a
large catchment area lying approximately 12 miles southof Durham City and 13
miles north of Darlington. The property is located on the edge of town centre
but in the most popular non pedestrianised location of town withinshort walk
to Morrisons and Asda Superstores and occupiers nearby including number of
local restaurant/takeaways, pharmacy, charity shop and more.
* Development potential to split the large shop into 2 individual units, sttp
* Nearby
Investment Consideration:
Rental Income: £13, 140 p. a.
Erv: £21, 140 p. a. Giy: 14. 09%
VAT is not
Comprises double fronted ground floor shop and 3 self - contained flats at first
floor and loft
Development potential to split the large shop
to planning
Nearby occupiers include Morrisons and asda Superstores, Takeaway, Pharmacy
and more.
Property Description:
The property
flats at first floor and loft, providing the following accommodation and
dimensions:
Ground Floor Shop:
First Floor Flat 1: 38 sq m (409 sq ft)
First Floor Flat 2 : 46 sq m (495 sq ft)
Loft Flat 3: 37 sq m (398 sq ft)
Total area size: 215 sq m (2, 314
Tenancy:
The retail shop is at present vacant. Erv: £8, 000 p. a.
Flat 1 is at present let on AST to an Individual for a term of 6 Months from
4th November 2022
Flat 2 is at present let on AST to an Individual for a term of 12 Months from
17th July 2022 at a current rent
Flat 3 is at present let on AST to an Individual for a term of 6 Months from
27th October 2022 at a current rent of £4, 200 p.
Location:
Bishop Auckland is a busy market town in a popular commercial location with a
large catchment area lying approximately 12 miles south
miles north of Darlington. The property is located on the edge of town centre
but in the most popular non pedestrianised location of town within
to Morrisons and Asda Superstores and occupiers nearby including number of
local restaurant/takeaways, pharmacy, charity shop and more.
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