Rent: £22,500 - £22,500
Region: County Durham
Town/City: Bishop Auckland
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.
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|
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.
We are verbally advised the premises are assessed for rating purposes as follows:
|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.
Each party will bear their own legal costs incurred in connection with this transaction.
All figures quoted in these terms are exclusive of any VAT that may be payable.
Strictly by prior appointment through sole agents:
DD: 0191 280 4236
Mob: 07515 831417
DD: 0191 280 4239
Mob: 07713 151970
Property type: Retail
Rateable value: £27,750
Planning use: A1
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