House - Mid Terrace

The property comprises a mid-terraced three-storey commercial premises of traditional red brick construction beneath a pitched roof. Extending to approximately 127 sq. m. (1,367 sq. ft.), as measured from the Energy Performance Certificate, the property occupies a prominent position within an established retail parade and is currently fitted out as a tanning salon. The accommodation provides a modern open-plan retail area to the ground floor, with ancillary accommodation arranged over the upper floors. The property benefits from an attractive glazed shop frontage and has been maintained to a good standard by the current occupier. The property is currently let to Supremetanuk Salon Ltd at a rent of £8,000 per annum under a lease expiring on 15 September 2028. The tenant has, however, served notice to terminate the lease and will vacate the premises on 15 March 2027, providing purchasers with the benefit of an income-producing asset in the short term together with future asset management, owner-occupier or redevelopment opportunities, subject to any necessary consents. The property may be suitable for a variety of alternative commercial uses following vacant possession, subject to obtaining any requisite statutory consents.

Total rental income: £8,000 per annum, reflecting an attractive yield of 12.3%

Property details provided by Rook Matthews Sayer
EPC rating: D
Council Tax Band: N/A
Tenure: Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 29 October 2026 OPTION 1

115 Newgate Street
Three Storey Retail Unit
Tenant – Supremetanuk Salon Ltd
127 sq.m 1367 sq.ft
Rent – £8000pa
Term – 16/09/2025 – 15/09/2028 – Tenant has given notice to terminate the lease and will formally vacant the unit on 15 March 2027.

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. 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 between £200 plus VAT (£240) and £400 plus VAT (£480) 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 (very low 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 1800Mbps at this postcode: DL14 7EN and mobile coverage is provided by EE (good), Three (good), 02 (good) and Vodaphone (good)