Bishop Auckland – Freehold Shop Investment
Unit - County Durham
61 Newgate Street, Bishop Auckland, County Durham DL14 7EW
Freehold Shop Investment
- Purchase Price: £50,000
- Net initial yield of approximately 9.96% assuming normal purchaser’s costs
- VAT is applicable to this lot
- Town centre location. Opposite Halifax and Peacocks
- The property is arranged on ground and one upper ﬂoor to provide a ground ﬂoor shop with ancillary accommodation at ﬁrst ﬂoor level
- Occupiers close by include Halifax, Thomas Cook, Post Office, Santander and Ladbrokes
Bishop Auckland is an attractive market town with a population of some 26,000, located on the River Wear, 9 miles south of Durham and 13 miles north of Darlington.
The property is situated on the centre of Newgate Street, close to its junction with Victoria Avenue on the main retail thoroughfare in the town centre.
Tenancies & Accommodation:
Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease.
Joseph Bachman is responsible for operations and investor relations within Blue Alpine Ltd. A strategically minded Entrepreneur and Director, possessing a 10+ year demonstrable track record of creating revenue growth and shareholder value. Expertise in International expansion, corporate restructuring, business development, sales and marketing strategies, financial management and fostering strong alliances. Since May 2010, when he co-founded the women’s luxury brand Paolita, Joseph has collaborated with over 200 global fashion brands. Prior 2010, Joseph worked in the private equity and hedge fund sectors as a consultant specialising in co-investment opportunities and fundraising.