Property description

SITUATION

Bishop Auckland is a well established market town situated 25 miles South of Newcastle Upon Tyne, 20 miles North West of Middlesbrough and 8 miles South West of Durham City.

The property is located in the heart of Bishop Auckland Town Centre, in the prime shopping area of Newgate Street close to Morrisons Superstore and other large retailers such as Subway, Wilko, Topman, Boots and WHSmith.

DESCRIPTION

The subject property comprises a well maintained 58 m² (628 f²) ground floor retail unit with glazed frontage, gas central heating, air conditioning, compact fluorescent lighting and a staff/storage area including kitchen and WC facilities to the rear.

The first and second floors are currently used as storage but subject to planning and some minor alterations, would make attractive town centre residential apartments.

The property has been fitted with a security alarm system and the shop front is secured by electric roller shutters. We are advised that the slate roof was replaced approximately 10 years ago and appears to be in excellent condition.

PURCHASE PRICE

Our client is seeking £150,000 for the benefit of their freehold interest. We would also invite premium offers from anyone interested in taking over this well established local hairdressing business.

RATING ASSESSMENT

Description                                          RV

Hairdressing Salon                             £4,700

& Premises

We are advised that the rateable value of the premises as at 1 April 2010 is £4,700. Any interested party should however, make their own enquiries with the Local Authority to determine the current position.

ENERGY PERFORMANCE

The property has an energy performance rating of 174 within Band G.

LEGAL COSTS

Each party is to bear their own legal costs involved in the transaction.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley 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 Bradley Hall Chartered Surveyors.

Property Features :

• Ground Floor Retail Extending 58 m2 (628 f2)
• Prominent Town Centre Location
• First & Second Floor Internal Storage 50 m2 (538 f2) Suitable for Residential Development STP
• Nearby Occupiers Include Morrisons, Subway, Wilko and Boots
• Premium Offers Invited for Established Local Business