Newgate Street, Bishop Auckland... Property for sale

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Newgate Street, Bishop Auckland... Property for sale

Newgate Street, Bishop Auckland, County Durham, DL14
£75,000

Our Summary

  • For Sale by Online Auction29th May 2025 - 10 Am Start -- Bidding opens 24 hours prior OPTION ONE – On the fall of the electronic gavel the buyer pays a 10% deposit to The Agents Property Auction Limited subject to a minimum of £3,000
  • Where sales are agreed prior or post auction and The Agents Property Auction Limited are in possession of a legal pack, exchange occurs on the buyer signing the Auction Contract, payment of the deposit and The Agents Property Auction Limited completing their customer due diligence
  • The considerable size of the property would offer a multitude of potential uses depending on planning permission

Description

This property is a large, vacant mid-terraced commercial unit on Newgate Street, available for sale through online auction. The property has a 15-year lease to Heron Foods, which ends in December 2025, with an annual rent of £54,226. The property's considerable size offers a multitude of potential uses, subject to planning permission, including the possibility of converting the first floor to residential use. The property currently comprises a ground floor shop, staff canteen, office, large store, and rear access point, with upper floors accessed by a single door and stairs. The property has a freehold tenure, a rateable value of £16,500, and is located in Durham County Council's area, with a council tax band of NA. The property is being sold with a 10% deposit required upon the fall of the electronic gavel, with completion expected within 28 days of exchange.