Retail premises to let in Ground Floor, 168 - 170, Newgate Street, Bishop Auckland DL14

Bishop Auckland is a busy market town in a popular commercial location with a large catchment area lying approximately 12 miles south of Durham City and 13 miles north of Darlington. The property is edge of town centre but in the most popular non pedestrianised location of town. The established local independent retailers here benefit lower rents and rates than closer into town.

The property comprises a ground floor shop with rear servicing off Morrisons Car. A popular location due to low rental and rates costs the area is ideal for a variety of uses subject to planning.

The shop is being stripped of its former bookmaker fit out as shown on the attached photos and will be completed to a white box specification by the landlord including rudimentary lighting and sockets.

Terms

The property is available by way of a new tenants full repairing and insuring lease for a minimum term of 3 years at a commencing rental of £8,000 per annum exclusive.

VAT at is charged on top of the rent so equates to £800 per months including VAT.

Rates

The Valuation Office Agency website lists the ground floor shop with Rateable Value with effect from April 2023 as £9,300 rv.
We anticipate that occupiers will benefit from 100% Small Business Rates Relief. Interested parties should verify the accuracy of this information and rates payable with the local Rating Authority.

Accommodation:
Ground floor sales : 1,012.00 sqft