31 Newgate Street, Bishop Auckland, DL14 7EW
Savills plcSavills Auctions is a premier UK property auction house offering residential, commercial, and investment opportunities. With a strong reputation, expert guidance, and regular auctions, they provide a fast and efficient way to buy and sell property.
Read more Read moreA freehold retail investment property located on a prominent corner pitch on a high footfall street in Bishop Auckland. The property is arranged over ground and first floors, providing a total accommodation of 14,285 sq ft (1,327 sq m). It is fully let to a private individual on a five-year lease expiring on 20 March 2030, with a current rental income of £40,000 per annum, which will be topped up from completion until 21 March 2027. The lease includes a fixed rental uplift to £55,000 in 2028. Nearby occupiers include various retail and service businesses, contributing to the area's vibrant commercial environment.
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