57 Newgate Street Bishop Auckland County Durham, DL14 7EW

  • 57 Newgate Street<br>Bishop Auckland<br>County Durham,<br>DL14 7EW

57 Newgate Street
Bishop Auckland
County Durham,
DL14 7EW

Freehold Retail Investment

  • Let to tenant trading as Marvellous Toys
  • Includes land to the rear
  • Central location on the main retail thoroughfare
  • Nearby occupiers include Sports Direct, Greggs, B&M and Boots the Chemist
  • Lot
    30
  • Auction
    18th May 2022
  • Rent
    £6,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £75,000
  • Auction Venue
    Live Streamed Auction
  • On behalf of Trustees
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Freehold Retail Investment

  • Let to tenant trading as Marvellous Toys
  • Includes land to the rear
  • Central location on the main retail thoroughfare
  • Nearby occupiers include Sports Direct, Greggs, B&M and Boots the Chemist
  • Lot 30
  • Auction 18th May 2022
  • Rent £6,000 per Annum Exclusive
  • Status Sold
  • Price £75,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On behalf of Trustees

Property Information

Location
Miles
10 miles south of Durham, 11 miles north-west of Darlington
Roads
A68, A688, A1(M)
Rail
Bishop Auckland
Air
Newcastle Airport
Situation

Bishop Auckland is a market town approximately 10 miles south of Durham. The property is situated in a central location on Newgate Street close to its junction with Victoria Avenue. Nearby occupiers include Sports Direct, Greggs, B&M and Boots the Chemist.

Tenure

Freehold.

Location
Miles
10 miles south of Durham, 11 miles north-west of Darlington
Roads
A68, A688, A1(M)
Rail
Bishop Auckland
Air
Newcastle Airport
Situation

Bishop Auckland is a market town approximately 10 miles south of Durham. The property is situated in a central location on Newgate Street close to its junction with Victoria Avenue. Nearby occupiers include Sports Direct, Greggs, B&M and Boots the Chemist.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation at first floor level.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion.

EPC

Band C.

Description

The property comprises a ground floor shop with ancillary accommodation at first floor level.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion.

EPC

Band C.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant Term Rent p.a.x.
Ground
First		 Retail/Ancillary
Ancillary
84.22 sq m
38.39 sq m
(907 sq ft)
(413 sq ft)
 C. GUILLE
(t/a Marvellous Toys)		 3 years from 03/12/2020 to 02/12/2023 on a full repairing and insuring lease
£6,000
Total  
122.61 sq m
(1,320 sq ft)
    
£6,000

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Structadene Group 3rd Floor, 9 White Lion Street
London
N1 9PD
James Thomson +44 (0)20 7843 9196james.t@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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