* Superb Commercial Property For Sale via Auction*We are delighted to present this larger-than-average commercial unit to the market, available via online auction with Dowen and IAM-SOLD. Offering an impressive 295 square metres (approx.) of versatile accommodation across three floors, this substantial property is situated in the heart of Bishop Auckland, directly on the busy and highly visible Newgate Street thoroughfare.Property OverviewThis expansive property is well-suited to a wide range of commercial uses and presents a fantastic opportunity for investors, business owners, or developers.The accommodation is arranged over three floors and briefly comprises:Ground Floor: Prominent shop frontage with direct street access, ramp leading to central corridor, office space, kitchen, cloakroom/WC, central store, additional store, and rear store with access to rear service lane.First Floor: Accessed via a separate entrance, with landing area, office space, additional office, staircase leading to two further offices, and a large rear storage space with outdoor access.Second Floor: Further landing area with two additional office spaces.The layout provides flexibility for a wide variety of business operations, whether retail, office-based, or mixed commercial use.Key FeaturesSize: Approximately 295 sq. m. (over 3,175 sq. ft.)Prime Location: Positioned on Newgate Street, one of Bishop Auckland's busiest commercial areas.Former Occupancy: Previously let to Heron Foods, generating rental income up to December 2025.Income: A further £13,500 rental payment due in September before the lease is surrendered thereafter.Rateable Value: £16,500Energy Performance Rating: EBuyer's Premium: £6,600Auction DetailsThis property is offered for sale by auction in partnership with IAM-SOLD and Dowen.Interested parties are strongly encouraged to arrange an internal viewing to fully appreciate the scale and potential of this property.Accommodation SummaryShop AreaCentral CorridorOfficeKitchenCloakroom / WCCentral StoreStoreRear Store (with rear lane access)HallLandingMultiple OfficesLarge Rear StoreExternal Outdoor SpaceViewing & Further InformationFor further details, or to arrange a viewing, please contact Dowen & IAM-SOLD directly.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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