Retail Shop to Rent - Newgate St, Bishop Auckland - £125 P/W - Direct From Landlord - No Extra Fees

Description

Unlock the potential of your business with this prime retail space located on the bustling Newgate Street. Positioned among a diverse range of popular establishments such as supermarkets, bakeries, barbers, charity shops, and a butcher, this shop offers an excellent opportunity to attract a steady stream of foot traffic.

Whether you're launching a new business or expanding an existing one, this high-visibility location promises significant exposure and a thriving customer base. With the constant flow of shoppers and a vibrant surrounding community, your business is bound to benefit from the daily footfall.

Key Features:

- Located on the busy and vibrant Newgate Street
- Surrounded by a variety of popular local businesses
- High foot traffic for maximum visibility and exposure
- Ideal for a wide range of retail uses
- Competitive rental rates

100 Newgate Street, Bishop Auckland, DL14 7EQ

*We are the owners of this property and not agents, which means we can be flexible on terms.

Size: 58 square metres

EPC - C (Expires May 2026)

Rent : £125 per week

Deposit: £1,100.

Lease Length - Flexible

Business Rates - RV £3,700.
You may be eligible to small business rates relief.

ADDITIONAL INFO:

We can be flexible on lease length. Typically our tenants want a long lease. We are willing to offer a 6 year 11 month lease (this keeps it under the 7 year threshold where you need to register the lease with the land registry and pay stamp duty). Shorter leases offered.

Leases are within the 1954 Act. This means you have the right (not obligation) to a similar lease upon expiry. Therefore you effectively have the option of twice the term length.

We are happy to offer a tenant only break clause after year 2 or year 3. This means if you decide this property wasn't the right decision or if you decide you no longer want it, you can end the lease early (on the break date, with 3 month's notice). If the business is doing well, you can stay for the full term. We cannot decide to break the lease early.

Leases are fully assignable. This means if you build up the business and wish to sell it on at a premium, this would be allowed (to a suitable tenant).

Leases are fully repairing and insuring (FRI). This means all maintenance and repairs will be the tenant's responsibility for the duration of the lease. We insure the building under our large block policy which gives us favourable rates, and then we recharge the annual premium to you (this can be paid in instalments).

No premiums or agent fees or legal fees charged to you. Total ingoings to us are the initial rent deposit and first month's rent. You will obviously also need enough to stock the property to get it up and trading. This is wholly your responsibility. We have no say in how you run your business. We are simply landlords of the property.

We do not charge you for any of the fixtures and fittings and equipment (in some cases previous tenant's F&F available for purchase via separate negotiation). We will do a photo inventory upon your moving in.

Please give me a call/message to discuss further or if you would like to arrange a viewing.

Ad ID: 1492840386