Freehold – 3 Shops, 5 Office Suites & a Rear Car Park - Gross Yield 16.6%
Address
106–108 Newgate Street, Bishop Auckland, Co. Durham DL14 7EQ, England
Auction date
16 Jul 2025
Guide price
£275,000
Type
Commercial
Tenure
Freehold
EPC Rating
Unknown
Auctioneer
Barnett Ross
Description
This freehold property comprises three ground floor shops, five office suites on the first floor, and a large rear car park. It boasts a gross yield of 16.6% and is located at a prime corner position in Bishop Auckland's town centre, close to multiple traders and within walking distance to local amenities.
Previously, planning permission was granted for the erection of seven dwelling houses on the rear car park, though this has since lapsed.
Completion is expected within six weeks, and VAT is applicable to this lot.
Last update: 29 Jun 2025
Similar property auctions
Search more auctions
Tenanted Commercial LOT 15
78-80 High St, Betfred and Full Building Portfolio, Dunfermline, KY12 7AT, Scotland
Tenanted commercial property available for investment located in a prime town center location with a full building area of 3,578 sq ft. The ground floor is let to BETFRED generating an annual income of £21,000. Additionally, there are drawings for three flats above the shop that provide further development potential.
Auction Date
17 Jul 2025
Guide Price
£230,000
Tenanted Commercial LOT 15
44 Kilmarnock Road, Madina Store, Shawlands, Glasgow, G41 3NH, Scotland
This is an income-producing commercial property located on the ground and first floor, measuring 5,943 sq ft, currently leased to Madina Store under a Full Repairing and Insuring lease. The annual rent is £32,500 with 8 years remaining on the lease.
Auction Date
10 Jul 2025
Guide Price
£275,000
Tenanted Commercial LOT 8
46 Kilmarnock Road, Salvation Army, Shawlands, Glasgow, G41 3NH, Scotland
This is an income-producing investment opportunity featuring commercial premises spread across the ground and first floors, covering 2,952 sq ft. The property is let to the Salvation Army under a full repairing and insuring lease, generating an annual rent of £27,500 with one year remaining until expiry. There is a planned rent increase to £30,000 from November 2025.
Auction Date
10 Jul 2025
Guide Price
£249,000
Freehold – 3 Shops, 5 Office Suites & a Rear Car Park - Gross Yield 16.6%
106–108 Newgate Street, Bishop Auckland, Co. Durham DL14 7EQ, England
This freehold property comprises three ground floor shops, five office suites on the first floor, and a large rear car park. It boasts a gross yield of 16.6% and is located at a prime corner position in Bishop Auckland's town centre, close to multiple traders and within walking distance to local amenities.
Auction Date
16 Jul 2025
Guide Price
£275,000
Lot 12 - Freehold Vacant Shop (with 2 Flats sold-off)
387 Upper Richmond Road, Putney, London SW15 5QL, England
This freehold vacant shop is located on a prominent corner at the junction of the South Circular Road and Dover House Road, amidst a vibrant retail area featuring well-known brands such as
Auction Date
16 Jul 2025
Guide Price
£225,000
Lot 6 - Freehold Investment – Shop & Flat – Gross Yield 10.7%
10/10a Jengers Mead, Billingshurst, West Sussex RH14 9PB, England
This is a freehold investment opportunity that includes both a shop and flat with a gross yield of 10.7%. The property features a ground floor shop with separate access to a self-contained flat on the upper floors. Located just off the High Street in a charming village center, it is close to popular amenities like a Post Office, Morrisons Daily, and Sainsbury's.
Auction Date
16 Jul 2025
Guide Price
£225,000