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108-108A NEWGATE STREET Newgate Street DL14
Annual Rental Of £10,000

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Ground Floor Retail Accommodation from 65.20 sq m (702 sq ft) to 147.20 sq m (1,584 sq ft)
Prominent Town Centre Location at Junction with Princes Street
Surrounding Occupiers Include: Subway, British Red Cross, Co-operative Travel and Boyes
Car Parking to Rear
First Floor Office Space Also Available (Further Details on Request)
No Business Rates on Individual Units (Subject to Eligibility)
New EFRI Leases Available from only £10,000 pax

LOCATION
The properties are located in the heart of Bishop Auckland Town Centre, in the prime shopping area of Newgate Street at the junction with Princes Street.

Surrounding occupiers include Subway, British Red Cross, Boyes, Co-operative Travel and Darlington Building Society.

DESCRIPTION
The subject property is a block of three rectangular shaped ground floor retail units with glazed frontage to Newgate Street together with self-contained first floor offices.

Internally the units provide retail sales, kitchen and WC facilities to the rear and are secured by electric roller shutters and security alarm systems.

ACCOMMODATION
The units can be interconnected and leased in whole or in part. The floor areas are as follows:

108 Newgate Street - 82 sq m (883 sq ft)
108A Newgate Street - 65.20 sq m (702 sq ft)

Total - 147.20 sq m (1,584 sq ft)

TERMS
The units are each available by way of new EFRI leases for a term of years to be agreed at a rent from £10,000 pax. Rent for units 108 & 108A combined on application.

RATING ASSESSMENT
We understand that the below rateable values are effective from 1st April 2017.

108 Newgate Street - £6,700
108A Newgate Street - £6,000

Under current government legislation, Small Business Rate Relief would result in no rates being payable (subject to eligibility).

Some assessments may have been the subject of appeal and it is therefore, recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority. As a new occupier, rights of appeal may exist against the assessment.

ENERGY PERFORMANCE
EPC's available on request.

LEGAL COSTS
Each party to be responsible for their own costs incurred in this transaction.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.

VIEWING
For general enquiries and viewing arrangements please contact sole agents Graham S Hall Chartered Surveyors.