106-108 Newgate Street, Bishop Auckland, County Durham, DL14 7EQ
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- FOR SALE BY AUCTION ON WEDNESDAY 16TH JULY 2025 (unless sold prior)
- High Street Location
- 3 Shops, 5 Office Suites & a Rear Car Park
- Producing £45,630 per annum + 2 Vacant Office Suites
- Gross Yield 16.6%
Description
Occupying a prominent corner position at the junction with Princes Street within the town centre amongst such multiple traders as Halifax and Santander along with various local traders. In addition, there is a Morrisons a ¼ mile distant and Bishop Auckland Railway Station (Northern Rail) is just a couple minutes' walk.
Bishop Auckland is a market town which lies some 12 miles south-west of Durham and 14 miles north-west of Darlington.
PROPERTY
An end of terrace building comprising 3 Ground Floor Shops with separate side access to 5 Office Suites on the first floor. In addition, the property includes a Large Car Park which is accessed from Westgate Road at the rear which had planning (now lapsed) for 7 houses. (see planning section).
VAT is applicable to this Lot
FREEHOLD
TENANCIES & ACCOMMODATION - see brochure
PLANNING
On 25th November 2016, Durham County Council granted Planning Permission (now lapsed) for 'Erection of 7no. dwelling houses and associated car parking' at the Land Rear of 100 to 110 Newgate Street. Planning Ref: DM/16/02848/FPA.
Note 1: Shop No. 108 - There is a 3 month rent free period expiring on 31st August 2025 and the Vendor will make up this rent shortfall on completion.
Note 2: 6 week completion
Energy Performance Certificates
EPC - 108bBrochures
106-108 Newgate Street, Bishop Auckland, County Durham, DL14 7EQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bishop Auckland Station0.4 miles
- Shildon Station2.9 miles
- Newton Aycliffe Station4.8 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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