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Commercial Investment Property In Bishop Auckland For Sale

Bishop Auckland, County Durham, UK
Asking Price:
£189,950
Turnover:
Available on request
Net Profit:
Available on request

13 Fore Bondgate, Bishop Auckland DL14 7PF

Commercial investment in Bishop Auckland. Rental income £18,000 per annum. Rental yield of 9.47% on asking price.

Recently let to Finnegans, on an initial 12 month agreement (with option to extend lease longer term). Fully equipped kitchen. Floor area 183.3 sq.m. (1,973 sq.ft.). Free of tie. 2am weekend trading licence.

EPC: E

Freehold: £189,950

Ref: H120

Property Information

Property:

Freehold

Location:

The property fronts onto both Fore Bondgate and Finkle
Street within the market town of Bishop Auckland, which
is home to the award-winning open-air show Kynren held
on Saturdays from late June to mid-September brining
thousands of visitors to the town. Durham City centre is
approximately 12 miles North East from Bishop Auckland.

Premises Details:

Description
A well-presented mid terrace two storey plus basement
property with access onto both Fore Bondgate and Finkle
Street.
The ground floor consists main bar area with vaulted
ceiling, seating and pool table. To the rear is a raised area
that’s is currently used for further seating and dance floor.
The first floor consists fully equipped kitchen with triple
glazed windows and access to loft space.
The basement has access to the beer cellar plus ladies and
gents W.C facilities.

Rental Income
£18,000 per annum

Yield
9.47 % on guide price

Tenant Lease
The property is let to Finnegans an Irish Bar on a 12 month rolling lease.

Size in square feet:
1,973
Energy Performance Rating:
E  View EPC Graph for this property

Other Information

Related Documents:

Contact RMS Estate Agents

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