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.