Available
Bishop Auckland – Cafe/Takeaway
82 Newgate Street, Bishop Auckland, Durham DL14 7EQFreehold Shop Investment
Price
£90,000
Rent P.A.
£7,200
Yield
8.00%
Tenure
Freehold
Lease Term
6 Years
Years Left on Lease
2y 3m
Area
2,606 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Small Rear Courtyard
- A two storey mid terrace building comprising a ground floor café/takeaway with ancillary accommodation above.
- The property fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland
- Occupiers nearby include Halifax, Santander, Ladbrokes and more
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property is a two storey mid terrace building comprising a ground floor café/takeaway with ancillary accommodation above.
The property provides the following accommodation and dimensions:
Ground Floor: 140.3 sq m (1,510 sq ft)
Front retail area, Rear Seating area, WC, Outside Covered Seating area
First Floor: 101.8 sq m (1,096 sq ft)
Kitchen, Preparation Area, Office, Male & Female W.C.
The property provides the following accommodation and dimensions:
Ground Floor: 140.3 sq m (1,510 sq ft)
Front retail area, Rear Seating area, WC, Outside Covered Seating area
First Floor: 101.8 sq m (1,096 sq ft)
Kitchen, Preparation Area, Office, Male & Female W.C.
Tenancy Description
The shop is at present let to C L Gardener t/a café/takeaway for a term of 6 years from 13th September 2019 at a current rent of £7,200 per annum and the lease contains full repairing and insuring covenants. The lease provides for a rent review every third year and the tenant has an option to determine on the 13th September 2022. Rent deposit held of £600.
Tenancies & Accommodation
Location Description
Bishop Auckland is a market town in County Durham in north east England. It is located about 12 miles (19 km) northwest of Darlington, 12 miles (19 km) southwest of Durham and approximately 32 (51 km)miles south of Newcastle. The nearest motorway junction is Junction 60 of the A1(M), which is around 8 miles away. The property fronts directly onto Newgate Street, one of the main designated retail streets in Bishop Auckland.
