Property description
SITUATION
Bishop Auckland is a well established market town situated 25 miles South of Newcastle Upon Tyne, 20 miles North West of Middlesbrough and 8 miles South West of Durham City.
The Newgate Shopping Centre located in the heart of Bishop Auckland Town Centre, in the prime shopping area and in close proximity to occupiers such as; Argos, Wilko, Boots, WHSmith and Greggs.
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ACCOMMODATION
The unit occupies a prominent position within the mall as it also benefits from substantial frontage on to the local bus station.
The unit provides ground floor sales and first floor ancillary in the order of approximately;
Ground Floor Sales 3,298 sf (306 sm)
First Floor Ancillary 1,972 sf (183 sm)
TERMS
The property is available by way of a new FRI lease at a rent of £39,500 per annum for a term of years to be agreed in multiples of 3 or 5 years.
RATING ASSESSMENT
We are advised that the rateable value of the premises as at 1 April 2010 is £61,000. However, any interested parties should confirm the current position with the Local Authority.
Description RV
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Shop & Premises £61,000
As a new occupier rights of appeal may exist against this assessment.
ENERGY PERFORMANCE
The property has an energy performance rating of 66 within Band C.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
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.
VIEWING
For general enquiries and viewing arrangements please contact Bradley Hall Chartered Surveyors on 0191 383 9999 or joint agents Barker Proudlove on 0113 388 4848.
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Property Features :
- Located in the Town´s Only Covered Shopping Centre
- Ground Floor Sales 3,298 sf (306 sm) First Floor Ancillary 1,972 sf (183 sm)
- Incentives Available
- Surrounding Occupiers Include Argos, Wilko and Boots
- New Lease