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60-62 Newgate St 1,955 sq ft 100% Let Retail Property Bishop Auckland DL14 7EQ £215,000 (£109.97/sq ft) 11.97% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Bus Route
  • Daytime Foot Traffic
  • Access via A689

EXECUTIVE SUMMARY

Offers in the Region of £260,000.
Mixed Investment Property:- Gross Annual Income: £26,460
Ground floor shop and 3 x Apartments – Net Initial Yield 9.9%

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,955 sq ft
Costar Property Class
B
Year Built
1902
Price
£215,000
Price per sq ft
£109.97
Yield
11.97%
NOI
£25,740
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Frontage
22 ft on Newgate Street

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

Heron Foods
Santander
HSBC
Virgin Money
ASDA
Morrisons
Barclays
  • Listing ID: 34997112

  • Date on Market: 03/03/2025

  • Last Updated:

  • Address: 60-62 Newgate St, Bishop Auckland DL14 7EQ

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