0 Bed Retail Property (high Street) To Rent

The property is positioned within an excellent trading position on Newgate Street in the market town of Bishop Auckland. There are surrounding retailers including Specsavers, Greggs and CEX.

Description
Bishop Auckland is a well established market town with Durham City being approximately 12 miles to the North East, Darlington being approximately 13.5 miles to the South. The town offers a great selection of transport links which allows easy access from nearby towns and cities.

29 Newgate Street comprises a prominent corner retail unit arranged over ground, basement and first floors. The property features an attractive façade, providing excellent visibility onto Bishop Auckland’s main retail thoroughfare.

The ground floor offers a well-proportioned open plan sales area, with additional storage and staff facilities at basement level.

The property presents a versatile opportunity for a wide range of occupiers including retailers, professional services, food & beverage operators, or leisure uses, benefitting from strong pedestrian flow and a town center location surrounded by national multiples.

Rating Assessment
The rateable value of the premises as at 1 April 2023 is £12,750 and the estimated rates payable for the current year is £6,362.25. 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.
This figure includes the first floor, as such the unit will need to be reassessed.

EPC Rating
The property has an EPC Rating of A (10).

Legal Costs
Each party is responsible for their own legal costs.

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

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

Code of Leasing a Business Premises
Interested parties are advised to refer to the RICS Code for Leasing Business Premises 2020.
February_2020_Code_For_Leasing_Business_Premises_England_And_Wales_1st_Edition.pdf