Market Place, Barnard Castle
£400,000
Guide price
Guide price
We are delighted to offer a Grade II listed commercial investment property with huge potential to develop further income or for residential conversion subject to planning, situated in the heart of the historic market town of Barnard Castle.
Location
Bishop Auckland 15 miles, Darlington 17 miles, Durham 25 miles, Newcastle upon Tyne 42 miles, A1(M) 17 miles. Please note all distances are approximate. Situated in the historic market town of Barnard Castle, this property provides easy access to the amenities within the town and its surrounding area. There are a number of nurseries, primary and secondary schools in Barnard Castle including Barnard Castle School and Teesdale School. Darlington and Bishop Auckland are both within close proximity, while the cities of Newcastle, Durham, York and Leeds also easily accessible.
The Property
The property is a stone built three storey Grade II listed building situated on the highly sought after market place in the market town of Barnard Castle. The property comprises a self-contained ground floor shop with office, 11 individual office suites with communal kitchen and shared bathroom facilities. The property also benefits from private parking to the rear.
Lease Term
The property benefits from two current tenants as detailed below:
1. The shop is currently rented on a 10 year lease, with a commencement date of 2018 at a rate of £17,750 per annum.
2. Suite No 4 is currently rented on a rolling 12 month lease at a rent of £1,818 per annum.
Fixtures and Fittings
Fixtures and fittings are included in the sale where owned by the vendor.
VAT
VAT is chargeable on the sale price, rent and service charge.
Services
Mains connections to electricity, drainage and water with gas fired central heating.
Business Rates
We believe each suite is rated individually please contact GSC Grays for further details.
Commercial EPC
A full copy of the recent commercial EPC is available upon request from the agent. The rating is 'E'.
Local Authority
Durham County Council Tel: 03000 26 00 00.
Areas, Measurements and Other Information
All areas, measurements and other information have been taken from various records and are believed to be correct, but any intending purchaser(s) should not rely on them as statements of fact and should satisfy themselves as to their accuracy.
Wayleaves, Easements and Rights of Way
Castle Chambers is sold subject to and with the benefit of all existing rights including rights of way whether public or private, light, drainage, water and electricity supplies and all other rights, obligations, easements, quasi easements and all wayleaves or covenants whether disclosed or not.
Viewings
Strictly by appointment via GSC Grays
Location
Bishop Auckland 15 miles, Darlington 17 miles, Durham 25 miles, Newcastle upon Tyne 42 miles, A1(M) 17 miles. Please note all distances are approximate. Situated in the historic market town of Barnard Castle, this property provides easy access to the amenities within the town and its surrounding area. There are a number of nurseries, primary and secondary schools in Barnard Castle including Barnard Castle School and Teesdale School. Darlington and Bishop Auckland are both within close proximity, while the cities of Newcastle, Durham, York and Leeds also easily accessible.
The Property
The property is a stone built three storey Grade II listed building situated on the highly sought after market place in the market town of Barnard Castle. The property comprises a self-contained ground floor shop with office, 11 individual office suites with communal kitchen and shared bathroom facilities. The property also benefits from private parking to the rear.
Lease Term
The property benefits from two current tenants as detailed below:
1. The shop is currently rented on a 10 year lease, with a commencement date of 2018 at a rate of £17,750 per annum.
2. Suite No 4 is currently rented on a rolling 12 month lease at a rent of £1,818 per annum.
Fixtures and Fittings
Fixtures and fittings are included in the sale where owned by the vendor.
VAT
VAT is chargeable on the sale price, rent and service charge.
Services
Mains connections to electricity, drainage and water with gas fired central heating.
Business Rates
We believe each suite is rated individually please contact GSC Grays for further details.
Commercial EPC
A full copy of the recent commercial EPC is available upon request from the agent. The rating is 'E'.
Local Authority
Durham County Council Tel: 03000 26 00 00.
Areas, Measurements and Other Information
All areas, measurements and other information have been taken from various records and are believed to be correct, but any intending purchaser(s) should not rely on them as statements of fact and should satisfy themselves as to their accuracy.
Wayleaves, Easements and Rights of Way
Castle Chambers is sold subject to and with the benefit of all existing rights including rights of way whether public or private, light, drainage, water and electricity supplies and all other rights, obligations, easements, quasi easements and all wayleaves or covenants whether disclosed or not.
Viewings
Strictly by appointment via GSC Grays
01833 908027
GSC Grays - Barnard Castle
12 The Bank, Barnard Castle, County Durham
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