Two Storey Retail Unit/office In Bishop Auckland For Sale

Bishop Auckland, County Durham, UK

Asking Price:: £70,000

Turnover:: Available on request

Net Profit:: Available on request

+ 10 images

119 Newgate Street, Bishop Auckland, County Durham, DL14 7EN

Two-story retail unit/office. Floor area: 1,106 sq. ft. (102 sq. m.). Prime town centre position with excellent passing trade. Well-presented unit. Excellent passing trade. EPC rating: E.

Auction Guide Price: £70,000 +

Ref I027

Live Auction on Thursday, June 27th, 2024, Option 1
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level at which the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays £2,000 + VAT (total £2,400)

Property Information

Property:: Freehold

Location:: Bishop Auckland is located about 25 miles south of Newcastle upon Tyne, 21 miles south of Sunderland and 9 miles north-west of Middlesbrough. The town has excellent transport links, being about 6 miles west of junction 60 of the A1(M) motorway via the A688 and about 3 miles from the A68 Darlington to Edinburgh road. The property is located on the main shopping parade, Newgate Street to the south of the town centre.

Premises Details:

Property Description
A mid terrace two story property with pitched slate roof. The property consists well-presented ground floor retail unit with first floor office.

Viewing
Strictly by appointment through this office.

Auction Guide Price
£70,000 +

Tenure
We are advised the property is freehold.

Rateable Value
The 2024 Rating List entry is Rateable Value £6,200
As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates. We advise to seek verification of the above from the Local Rating Authority.

Auction
Live online auction, bidding starts Thursday 27th June 2024, terms and conditions apply, see website www.agentspropertyauction.com

Legal Pack
For a full legal pack on this property please contact: The Agents
Property Auction: 01661 831360

Important Notice
1. Particulars above are not a contract or offer or part of one. You should not rely on statements by Rook Matthews Sayer in the particulars or by word of mouth or in writing as being factually accurate about the property/business, its condition or its value. Rook Matthews Sayer has no authority to make any representations about the property, and accordingly any information given is entirely without responsibility. Any reference to alterations to, or use any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all
information is correct.
2. The photographs show only parts of the property as they appeared at the time taken.
3. Any areas, measurements and distances given are approximate only.
4. Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s
minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the
auction. The successful buyer pays a £2,000 +VAT (total £2,400) Auction Administration Fee. Joint Agents: The Agents Property Auction Ltd. Tel 01661 831360 Terms and conditions apply see: agentspropertyauction.com

Ref: I027(Version 2)
Prepared 12/06/2024