Property ID : 49 Newgate Street
For Rent - Available £6,000 Per Annum - Commercial, Retail
❖
Substantial 3 storey retail premises
❖
Usable floor area of approximately 188.4 sq m / 2,028 sq ft
❖
Nearby occupiers include Cooplands, The Works, Card Factory and Boyes
❖
Significant regeneration taking place in area
❖
Rent rebased to reflect market conditions
TO LET
Description
Three storey retail premises which was formerly occupied by Thomas Cook. The property is well fitted out and the rent has been rebased to reflect current market conditions.
Location
The property is located in Bishop Auckland which is a market town in County Durham. The area has recently undergone substantial regeneration with the development of Auckland Castle as well as the opening of the widely renowned Kyrnen which is a live outdoor show running in the summer months. Surrounding occupiers include a variety of regional, national and local businesses.
Accommodation
The ground floor sales extends to approximately 76.5 sq m / 823 sq ft and is well appointed with suspended ceilings, LED lighting and split system cassettes to provide heating and cooling. The first floor extends to 63.7 sq m / 686 sq ft and provides office or storage space. The second floor extends to 48.2 sq m / 519 sq ft and provides further storage space or office accommodation.
Services
As far as we are aware the property has mains supplies of water, electricity and drainage. Interested parties should satisfy themselves in this regard.
Energy Performance Certificate
The Energy Performance Certificate has been commissioned and the Full Certificate and Rating are available upon request.
Terms
The premises are available to let by way of a new full repairing and insuring lease, at a rent of £6,000 per annum exclusive of business rates and all other outgoings. The landlord reserves their right to request a rental deposit.
Rating Assessment
£8,300 Obtained from the Valuation Office Agency (www.voa.gov.uk). The UBR for the period 2024/2025 is 54.6p in the pound. Rates payable are therefore £4,531.8 less any Small Business Relief or any other discounts, which might be applicable. Please contact your local authority for more information.