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 moreThe property is a commercial retail unit arranged across ground and first floors, providing 14,285 sq ft (1,327 sq m) of accommodation. It is fully let to a private individual on a five-year lease expiring on March 20, 2030, with a current contracted rent of £35,000 per annum, which will be topped up to £40,000 per annum until March 21, 2027. The lease includes a fixed uplift to £55,000 in 2028. The property is located on a prominent corner pitch on a principal retail street in Bishop Auckland, benefiting from high footfall.
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