100 Newgate Street, Bishop Auckland | 100 Newgate St
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100 Newgate Street, Bishop Auckland 100 Newgate St
1,500 SF 100% Leased Retail Building Bishop Auckland DL14 7EQ £70,000 (£47/SF) 17% Net Initial Yield
Investment Highlights
- Shop & 2 Bed Flat
- Producing £11,900 per annum
- Gross Yield 17%
- High Street Retail Location
Executive Summary
SITUATION
Located next to the junction with Princes Street within the town centre amongst such multiple traders as Halifax, Santander, British Heart Foundation and Peacocks along with various local traders. In addition, Bishop Auckland Railway Station (Northern Rail) is less than 1/2 mile distant.
Bishop Auckland is a market town which lies some 12 miles south-west of Durham and 14 miles north-west of Darlington.
PROPERTY
A mid terraced building comprising a Ground Floor Shop with separate front access to a newly refurbished Self-Contained 2 Bed Flat on the first floor.
VAT is NOT applicable to this Lot
FREEHOLD
TENANCIES & ACCOMODATION - See Brochure
Note: 6 week completion
Located next to the junction with Princes Street within the town centre amongst such multiple traders as Halifax, Santander, British Heart Foundation and Peacocks along with various local traders. In addition, Bishop Auckland Railway Station (Northern Rail) is less than 1/2 mile distant.
Bishop Auckland is a market town which lies some 12 miles south-west of Durham and 14 miles north-west of Darlington.
PROPERTY
A mid terraced building comprising a Ground Floor Shop with separate front access to a newly refurbished Self-Contained 2 Bed Flat on the first floor.
VAT is NOT applicable to this Lot
FREEHOLD
TENANCIES & ACCOMODATION - See Brochure
Note: 6 week completion
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Building Size
1,500 SF
Year Built
1900
Price
£70,000
Price Per SF
£47
Net Initial Yield
17%
NOI
£11,900
Percent Leased
100%
Number of Floors
2
1 of 1
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Elliott Greene -
Barnett Ross
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100 Newgate Street, Bishop Auckland | 100 Newgate St
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