Commercial

A Large, vacant, mid terraced commercial unit for sale on Newgate street. Coming towards the end of a 15 year lease to Heron Foods, which ends on 22nd December 2025 with rent at £54,226 per year.

The considerable size of the property would offer a multitude of potential uses depending on planning permission. These could include changing the first floor to residential as a number of similar properties on Newgate street, and the neighbouring street have done.

The property currently comprises of a ground floor shop floor, a staff canteen, office a large store at the rear and a rear access point, which backs onto Westgate Road. The upper floors are accessed by a single door to the side of the shop door and stairs rise to the first floor which is currently a large open space, with another flight of stairs going up to the second floor.

The property lies within a Conservation area.

Property details provided by JW Wood
EPC rating: C
Council Band: N/A
Tenure : Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 29 May 2025 OPTION 1

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by JWW. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (medium risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 19Mbps and the fastest package of 80Mbps at this postcode: DL14 7EQ and mobile coverage is provided by EE, Three, 02 and Vodaphone