Commercial Property in Bishop Auckland available for sale
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Commercial Properties for Sale in Bishop Auckland, UK

Find commerical property for sale in Bishop Auckland that meets your business or investment goals

More details for 87 Collingwood St, Bishop Auckland - Light Industrial for Sale

87 Collingwood St

Bishop Auckland, DL14 8LH

  • Light Industrial for Sale
  • £70,000
  • 5,403 sq ft
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More details for 1 Saxon Green, Bishop Auckland - Retail for Sale

The Saxon Inn - 1 Saxon Green

Bishop Auckland, DL14 7SY

  • Retail for Sale
  • Price Upon Request
  • 8,000 sq ft
  • Air Conditioning
  • Security System
  • 24 Hour Access

Bishop Auckland Retail for Sale - Escomb

Blacks Business Brokers are proud to bring to the market this freehold pub and restaurant located in the much sought after area of Escomb, Bishop Auckland. In addition to the pub, there is now a 3 Bedroom Adjacent Property included in the sale. INTRODUCTION The Saxon Inn has been in operation for over 400 years here on Saxon Green and over that time it has firmly established itself within the local community. Our client has been in ownership here since 2000 and has enjoyed this exceptionally popular pub, with loyal customer base and great reputation. LOCATION Escomb is a village on the River Wear close to Bishop Auckland. The area is well populated and very much sought after. This business is situated in the heart of the village, within an affluent residential area. REASON FOR SALE The business is only being offered for sale due to retirement, opening up an exciting opportunity for a new owner to enjoy this busy and popular pub. LEASE This is a freehold sale. No lease details applicable. BUILDING LAYOUT AND DESIGN The business is housed within a beautiful, centuries old property, with manicured and pretty surroundings. This elevated corner location gives the building a real feel of grandeur before even seeing inside. The position within a historic village means that the business benefits from both local trade and tourism. To the rear of the building is a large, private car park for patron use. Inside, the pub area is cosy and welcoming with a traditional feel and bar. The restaurant area is more modern, with spotlights, colour themed décor and matching accessories – the business offers seating for 72, 40 of which are in the restaurant and 32 in the lounge diner. The building also benefits from a beer cellar and garage. All areas are well presented. The property expanded the building in November 2018 adding in a bed and breakfast, with 9 brand new double en suite bedrooms. STAFF The business currently has eleven members of staff in place on PAYE contracts. FINANCIAL DETAILS Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. Annual Accounts Available 31 March 2022, Annual Turnover £392,933 Annual Gross Profit £266,150. Additional Refurbishment in 2020, resulting in increasing turnover with B&B (9 Double En-Suite Bedrooms). In addition to this, there has previously been investment of over £300,000 in 2018. Most customers are from the local area as one would expect, with additional passing trade from visitors and tourists to the area. SUMMARY This freehold business offers a solid income stream, with much scope to develop the business further through some changes to this impressive and sizeable building. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Contact:

Blacks Business Brokers

Property Subtype:

Restaurant

Date on Market:

21/12/2022

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FAQs About Commercial Property For Sale in Bishop Auckland

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How many commercial properties are currently available for sale in Bishop Auckland?
There are currently 5 commercial properties available for sale. Sizes range from 623 sq ft to 8,000 sq ft, with an average size of 4,794 sq ft. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in Bishop Auckland?
The average asking price is approximately £94 per sq ft, with prices ranging from £10 to £304 per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the Bishop Auckland, UK

Market Overview for Commercial Properties in Bishop Auckland

Key information for Commercial Properties investors in Bishop Auckland and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Bishop Auckland £94 4,794 sq ft
Shildon £109 649 sq ft
Darlington £131 134,527 sq ft

Rental Price Trends in Bishop Auckland

The price per square foot range for Commercial Properties in Bishop Auckland and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Bishop Auckland £10 £94 £304
Shildon £101 £109 £118
Darlington £87 £131 £193

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Bishop Auckland area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Bishop Auckland 623 sq ft 4,794 sq ft 8,000 sq ft
Shildon 547 sq ft 649 sq ft 750 sq ft
Newton Aycliffe 36,069 sq ft 38,831 sq ft 41,592 sq ft
Haddington 850 sq ft 1,125 sq ft 1,400 sq ft
Darlington 431 sq ft 134,527 sq ft 650,000 sq ft

You searched for commercial property for sale in Bishop Auckland. Explore 5 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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