Available
Bishop Auckland – Vacant Office with Residential Development Potential
16 Newgate Street, Bishop Auckland DL14 7EGVirtual Freehold Office with Residential Development Potential
Price
£50,000
Rent P.A.
Vacant
Tenure
Leasehold
Area
1,722 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Vacant possession
- Comprises first and second floor office space
- Total area size of 160 sq m (1,722 sq ft)
- Residential development potential, subject to obtaining the necessary consents
- Nearby occupiers include HSBC, Lloyds, Sports Direct, NatWest and many more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises first and second floor self-contained office space and provides the following accommodation and dimensions:
First Floor: Office 80 sq m (861 sq ft)
Second Floor: Office 80 sq m (861 sq ft)
Total area size: 160 sq m (1,722 sq ft)
First Floor: Office 80 sq m (861 sq ft)
Second Floor: Office 80 sq m (861 sq ft)
Total area size: 160 sq m (1,722 sq ft)
Tenancy Description
The property is at present vacant.
Tenure:
Leasehold. To be held on a new 999 year lease from completion at a ground rent of peppercorn.
Tenure:
Leasehold. To be held on a new 999 year lease from completion at a ground rent of peppercorn.
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. Nearby occupiers include HSBC, Lloyds, Sports Direct, NatWest and many more.