82 Newgate St | Bishop Auckland DL14 7EQ
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82 Newgate St
Bishop Auckland DL14 7EQ
Retail Property For Sale
Executive Summary
Investment Consideration:
Vacant possession
ERV: £7,800 p.a. GIY: 15.60%
VAT is NOT applicable to this property
Comprises two-storey retail premises with rear covered courtyard
Fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland with occupiers nearby include Halifax, Santander, Ladbrokes and more.
Property Description:
Comprises two-storey mid terrace building arranged as a ground floor shop with ancillary accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: 140.3 sq m (1,510 sq ft)
Front and rear retail areas, WC, Outside Covered Seating area
First Floor: 101.8 sq m (1,096 sq ft)
Ancillary, Preparation Area, Office, Male & Female W.C.
Total area size: 242.10 sq m (2,606 sq ft)
Tenancy:
The entire property is at present vacant. ERV: £7,800 p.a.
Location:
Bishop Auckland is a market town in County Durham in north east England. It is located about 12 miles (19 km) northwest of Darlington, 12 miles (19 km) southwest of Durham and approximately 32 miles (51 km) south of Newcastle. The nearest motorway junction is Junction 60 of the A1(M), which is around 8 miles away. The property fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland.
Vacant possession
ERV: £7,800 p.a. GIY: 15.60%
VAT is NOT applicable to this property
Comprises two-storey retail premises with rear covered courtyard
Fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland with occupiers nearby include Halifax, Santander, Ladbrokes and more.
Property Description:
Comprises two-storey mid terrace building arranged as a ground floor shop with ancillary accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: 140.3 sq m (1,510 sq ft)
Front and rear retail areas, WC, Outside Covered Seating area
First Floor: 101.8 sq m (1,096 sq ft)
Ancillary, Preparation Area, Office, Male & Female W.C.
Total area size: 242.10 sq m (2,606 sq ft)
Tenancy:
The entire property is at present vacant. ERV: £7,800 p.a.
Location:
Bishop Auckland is a market town in County Durham in north east England. It is located about 12 miles (19 km) northwest of Darlington, 12 miles (19 km) southwest of Durham and approximately 32 miles (51 km) south of Newcastle. The nearest motorway junction is Junction 60 of the A1(M), which is around 8 miles away. The property fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland.
PROPERTY FACTS Sale Pending
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,606 SF
Building Class
B
Year Built
1950
Price
£50,000
Price Per SF
£19
Net Initial Yield
15.60%
NOI
£7,800
Tenancy
Single
Number of Floors
2
Frontage
22 ft on Newgate Street
Amenities
- Restaurant
- Storage Space
1 of 9
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