Bishop Auckland, 54 – 56 Newgate Street

Rent: £22,500 - £22,500

Region: County Durham

Town/City: Bishop Auckland

LOCATION
The premises are situated just off the prime pedestrianised section of Newgate Street, the principal retail destination within the town centre. Nearby retailers include Brighthouse, Poundland, Vodafone, Nobles Amusements and Specsavers as indicated on the attached Goad Extract.

 

ACCOMMODATION
The accommodation is arranged on ground floor only and offers the following approximate floor areas and dimensions:

Gross Frontage	26’ 3”	12 m
Ground Floor Sales	1,662 sq ft	104.4 sq m
Ground Floor Store	1,588 sq ft	147.5 sq m

LEASE TERMS
The property is available by way of a new sublease for a maximum term to December 2025 and subject to a rent review after five years at a rent of £22,500pa excl.

 

RATES
We are verbally advised the premises are assessed for rating purposes as follows:

Rateable Value	£27,750
Rates Payable 2018/19	£15,390

A further 33.3% reduction in the payable figure may be available to prospective tenants subject to status. Interested parties are advised to make their own enquiries of the Local Rating Authority for verification of the above.

 

ENERGY PERFORMANCE CERTIFICATE
An EPC is available upon request at this office.

 

LEGAL COSTS
Each party will bear their own legal costs incurred in connection with this transaction.

 

VAT
All figures quoted in these terms are exclusive of any VAT that may be payable.

 

VIEWING
Strictly by prior appointment through sole agents:

Ian Angus
DD: 0191 280 4236
Mob: 07515 831417
Email: iana@atretail.co.uk

Pete Townsend
DD: 0191 280 4239
Mob: 07713 151970
Email: pete@atretail.co.uk