Newgate Street, Bishop Auckland

LOCATION
Ideally positioned within an excellent trading position on Newgate Street in the Market town of Bishop Auckland with surrounding units including Specsavers, Poundland and Homefair Blinds. Bishop Auckland is a well- established market town which has recently been the beneficiary of a lot of inward investment and. Durham City is approximately 12 miles to the north east and Darlington is approximately 13.5 miles to the south.

DESCRIPTION
The subject property is a stone-built retail premises with an extensive aluminium frame frontage. Internally the ground floor sales area comprises slat walling, suspended ceilings, carpeted floors and air conditioning. To the first floor there is ample sales/storage space, WC, kitchen facilities and staff room. The property also benefits from a rear yard with parking spaces available for use.
ACCOMMODATION
Ground Floor
Sales Area 296.2m² (3,188ft²)
ITZA 92.45 m2 (995ft2)
First Floor
Sales Area 139.1m2 (1,498ft2)
Ancillary Storage 80.86m2 (870ft2)
Kitchen ` 9.39m2 (101ft2)
Total 525.6m2 (5,657ft2)
RATING ASSESSMENT
Description RV Estimated Rates Payable
Shop and Premises £26,500 £13,223.50
We are advised that the rateable value of the premises as at 1 April 2017 is £26,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC RATING
D84

TERMS
The property is available for immediate occupation by way of a new lease with terms to be agreed. Further information is available on request.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.