23 Newgate Street Bishop Auckland County Durham DL14 7HZ

23 Newgate Street
Bishop Auckland
County Durham
DL14 7HZ

Freehold Town Centre Retail Opportunity

  • Approximately 18,424 sq ft (Gross Internal Area)
  • Large footprint (former variety/discount store) with prominent frontage opposite The Newgate Centre
  • Low Capital Value per sq ft (circa. £14 per sq ft on Guide Price)
  • Nearby occupiers include Boots the Chemist, Peacocks, WHSmith, Card Factory, Lloyds Bank and adjacent to HSBC Bank
  • Of interest to developers, investors and owner occupiers with possible change of use
  • opportunities (subject to consents)
  • Lot
    113
  • Auction
    18th October 2018
  • Vacant Possession
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Town Centre Retail Opportunity

  • Approximately 18,424 sq ft (Gross Internal Area)
  • Large footprint (former variety/discount store) with prominent frontage opposite The Newgate Centre
  • Low Capital Value per sq ft (circa. £14 per sq ft on Guide Price)
  • Nearby occupiers include Boots the Chemist, Peacocks, WHSmith, Card Factory, Lloyds Bank and adjacent to HSBC Bank
  • Of interest to developers, investors and owner occupiers with possible change of use
  • opportunities (subject to consents)
  • Lot 113
  • Auction 18th October 2018
  • Vacant Possession
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
11 miles south of Durham
24 miles north-west of Middlesbrough
Roads
A688, A689
Rail
Bishop Auckland Railway Station
Air
Durham Tees Valley Airport
Situation

The property is situated on the eastern side of the pedestrianised section of Newgate Street, opposite the Newgate Shopping Centre. Newgate Shopping Centre has retailers including Wilko, Greggs and Argos, with other nearby occupiers including Boots the Chemist, Peacocks, WHSmith, Card Factory, HSBC and Lloyds banks.

Tenure

Freehold.

Location
Miles
11 miles south of Durham
24 miles north-west of Middlesbrough
Roads
A688, A689
Rail
Bishop Auckland Railway Station
Air
Durham Tees Valley Airport
Situation

The property is situated on the eastern side of the pedestrianised section of Newgate Street, opposite the Newgate Shopping Centre. Newgate Shopping Centre has retailers including Wilko, Greggs and Argos, with other nearby occupiers including Boots the Chemist, Peacocks, WHSmith, Card Factory, HSBC and Lloyds banks.

Tenure

Freehold.

Description

The property comprises a large ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

C

Description

The property comprises a large ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

C

Tenancy & Accommodation

Floor Use Gross Internal Floor Areas (Approx) Possession
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
874.50 sq m
623.30 sq m
213.90 sq m
(9,413 sq ft)
(6,709 sq ft)
(2,302 sq ft)
VACANT
Total
1,711.70 sq m
(18,424 sq ft)  

Property Documents

  • Catalogue Page
    Updated Date
    07.11.19
    File Size
    664 KB
    View PDF
  • Site Plan
    Updated Date
    07.11.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Hogan Lovells Solicitors Atlantic House, Holburn Viaduct
London
EC1A 2FG
Janan Kanagaratnam 0207 296 2000janan.kanagaratnam@hoganlovells.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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