50-52 Newgate Street Bishop Auckland County Durham DL14 7EQ

  • 50-52 Newgate Street<br>Bishop Auckland<br>County Durham<br>DL14 7EQ

50-52 Newgate Street
Bishop Auckland
County Durham
DL14 7EQ

Freehold Retail Investment

  • Lease to BM Retail Limited (t/a Bon Marche)
  • 5 year lease from 19th May 2020 (subject to option)
  • Prominent corner position on Newgate Street
  • Nearby retailers include Heron Foods, Holland & Barrett, Boots the Chemist, Savers, Vodafone and Poundland
  • VAT-free investment
  • Lot
    34
  • Auction
    5th May 2021
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees
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Freehold Retail Investment

  • Lease to BM Retail Limited (t/a Bon Marche)
  • 5 year lease from 19th May 2020 (subject to option)
  • Prominent corner position on Newgate Street
  • Nearby retailers include Heron Foods, Holland & Barrett, Boots the Chemist, Savers, Vodafone and Poundland
  • VAT-free investment
  • Lot 34
  • Auction 5th May 2021
  • Rent £25,000 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees

Property Information

Location
Miles
10 miles south of Durham
11 miles north-west of Darlington
Roads
A68, A688, A1(M)
Rail
Bishop Auckland
Air
Newcastle Airport
Situation

Bishop Auckland is a market town approximately 10 miles south of Durham. The property is situated on the east side of Newgate Street, opposite its junction to Great Gates, and just a short walk to Newgate Shopping Centre. Nearby retailers on Newgate Street include Heron Foods, Holland & Barrett, Boots the Chemist, Savers, Vodafone and Poundland

Tenure

Freehold.

Location
Miles
10 miles south of Durham
11 miles north-west of Darlington
Roads
A68, A688, A1(M)
Rail
Bishop Auckland
Air
Newcastle Airport
Situation

Bishop Auckland is a market town approximately 10 miles south of Durham. The property is situated on the east side of Newgate Street, opposite its junction to Great Gates, and just a short walk to Newgate Shopping Centre. Nearby retailers on Newgate Street include Heron Foods, Holland & Barrett, Boots the Chemist, Savers, Vodafone and Poundland

Tenure

Freehold.

Description

The property comprises a two storey building arranged as a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1.5% plus VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six week completion available

EPC

See legal pack at www.acuitus.co.uk

Description

The property comprises a two storey building arranged as a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1.5% plus VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six week completion available

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)		 Tenant Term Rent p.a.x Reversion
Ground
First		 Retail
Ancillary
174.10 sq m
118.50 sq m
(1,874 sq ft)
(1,275 sq ft)
 BM RETAIL
LIMITED
(t/a Bon Marche)
(1)		 5 years from
19/05/2020 until
18/05/2025 (2)		 £25,000 18/05/2025
(2)
Total
292.60 sq m
(3,149 sq ft)
     £25,000  

(1) www.bonmarche.co.uk
(2) Tenant option to determine on 18th May 2023

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Structadene Group 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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