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, accessed off Princes Street.
Internally the first floor provides five individual office suites together with a communal kitchen, breakout, and WC facilities. The space has recently undergone a refurbishment and benefits from painted plastered walls, suspended ceilings, carpeted floors and gas central heating throughout.
The property also benefits from car parking to the rear which is accessed off the A689.
Location
The property is 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, and Darlington Building Society.
Accommodation
Suite 1 - 33.35 sq m (359 sq ft)
Suite 2 - 46.85 sq m (504 sq ft)
Suite 3 - 42.92 sq m (462 sq ft)
Suite 4 - 20.44 sq m (220 sq ft)
Suite 5 - LET
Terms
TERMS - Suites are available for a term of years to be agreed at the rents quoted below. NB - rent is also inclusive of service charge, insurance, utilities, cleaning / maintenance of common parts and excludes business rates and telecoms / internet.
Suite 1 - £509 pcm (£6,103 pax)
Suite 2 - £672 pcm (£8,064 pax)
Suite 3 - £616 pcm (£7,392 pax)
Suite 4 - £330 pcm (£3,960 pax)
Suite 5 - LET
RATING ASSESSMENT - We understand that the below rateable values are effective from 1st April 2017.
Suite 1 - £1,875
Suite 2 - £2,800
Suite 3 - £2,550
Suite 4 - £770
Suite 5 - LET
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 - The property has an energy performance rating of 64 within Band C.
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.
ANTI-MONEY LAUNDERING REGULATIONS - In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.
Specification
- Perfect for Small Businesses with Office Space Available for 1 to 20 People
- Individual Suites from 20.44 sq m (220 sq ft) to 46.85 sq m (505 sq ft)
- Suites Can be Combined to Accommodate Larger Size Requirements
- Prominent Town Centre Location at Junction with Princes Street
- Recently Refurbished
- Substantial Car Parking to Rear
- Fully Fitted Communal Kitchen and WC Facilities
- No Business Rates Payable (Subject to Eligibility)
- 'All Inclusive' Rents from £330 per month (£76 per week)