Property ID : 2/4 Newgate Street, Bishop Auckland, DL14 7EG
For Rent - Available, Subject to VAT £12,000 Per Annum - Commercial, Retail
❖ Prime Town Centre retail unit
❖ Floor area 265 sq m/2850 sq ft spread over two floors
❖ Situated close to recently improved Market Square
❖ Nearby occupiers include EE, Virgin Money and Home Bargains
❖ Pedestrianised Frontage and Ample Car Parking nearby
Description
Retail unit with upper floor storage located in a prime position close to Bishop Auckland Market Square. The previous occupier operated the property as a coffee shop falling within use class E but the property would suit a variety of uses.
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 property is arranged to provide the following accommodation:
| Description | Area Sq m | Area Sq ft |
| Sales | 136 | 1470 |
| GF Stores | 13.7 | 147 |
| Kitchen | 7.75 | 83 |
| Office | 6.37 | 68.57 |
| FF Storage | 107.76 | 1,159.92 |
| Overall | 271.58 | 2923.29 |
Services
As far as we are aware the property has mains supplies of water and electricity in addition to mains drainage. Interested parties should make their own enquiries in this regard.
Energy Performance Certificate
Energy Performance Asset Rating 116 (Band E). Full certificate available upon request.
Terms
The premises are available to let by way of a new full repairing and insuring lease, exclusive of all rates, charges and other outgoings for a term to be agreed at a rental of £12,000 per annum plus VAT. The landlord reserves their right to request a rental deposit.
Rating Assessment
£12,500 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 £6,825 less any Small Business Relief or any other discounts, which might be applicable.
Please contact your local authority for more information.
Contact Information
For further information and viewings please contact Greig Cavey Commercial Limited on 01429 275791 or email enquiries@greigcavey.com