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Newgate Street, Bishop Auckland... 5 bed terraced house for sale
Newgate Street, Bishop Auckland, County Durham, DL14
£70,000
Newgate Street, Bishop Auckland, County Durham, DL14
£70,000
Our Summary
- * Superb Commercial Property For Sale via Auction*
- We are delighted to present this larger-than-average commercial unit to the market, available via online auction with Dowen and IAM-SOLD
- This expansive property is well-suited to a wide range of commercial uses and presents a fantastic opportunity for investors, business owners, or developers
- Auction Details
- This property is offered for sale by auction in partnership with IAM-SOLD and Dowen
- BEING SOLD VIA AUCTION
- Being sold via auction
- HUGE POTENTIAL
- Huge potential
- IDEAL INVESTMENT OPPORTUNITY
- Ideal investment opportunity
Description
This commercial property, situated in the heart of Bishop Auckland, is a rare opportunity for investors, business owners, or developers. The property spans 295 square metres across three floors, offering versatile accommodation with a prominent shop frontage and direct street access. The ground floor features a central corridor, office space, kitchen, and storage areas, while the first and second floors offer additional office space and storage. The property has a rateable value of £16,500 and an energy performance rating of E. The current lease generates rental income until December 2025, with a further £13,500 payment due in September before the lease is surrendered. The property is being sold via online auction with a buyer's premium of £6,600. With its prime location on Newgate Street, this property is well-suited to a wide range of commercial uses and presents a fantastic opportunity for those looking to invest or operate a business in the area.