Lot 18 Click here for addendum
Freehold – 3 Shops, 5 Office Suites & a Rear Car Park - Gross Yield 16.6%
6 Week Completion
Situation
Occupying a prominent corner position at the junction with Princes Street within the town centre amongst such multiple traders as Halifax and Santander along with various local traders. In addition, there is a Morrisons a ¼ mile distant and Bishop Auckland Railway Station (Northern Rail) is just a couple minutes' walk.
Bishop Auckland is a market town which lies some 12 miles south-west of Durham and 14 miles north-west of Darlington.
Property
An end of terrace building comprising 3 Ground Floor Shops with separate side access to 5 Office Suites on the first floor. In addition, the property includes a Large Car Park which is accessed from Westgate Road at the rear which had planning (now lapsed) for 7 houses (see 'Planning' section).
VAT is applicable to this Lot
FREEHOLD
PLANNING
On 25th November 2016, Durham County Council granted Planning Permission (now lapsed) for ‘Erection of 7no. dwelling houses and associated car parking' at the Land Rear of 100 to 110 Newgate Street. Planning Ref: DM/16/02848/FPA.
Click here for the Planning Documentation and Plans.