Virgin Money, 15 Newgate Street, Bishop Auckland

The property comprises a well located high street banking investment extending to 1,656 sq ft.
The property is let on a new 15 year full repairing and insuring lease to Virgin Money with 5 yearly upward only rent reviews. The property was sold by way of a sale and leaseback, at a re-based rent, showing the tenants commitment to the location.
Johnson Tucker acquired the property in Q1 2012 for a private client.
The property is located prominently with surrounding occupiers including M & Co, Topshop, Phones 4 U and is situated opposite the Newgate Shopping Centre.
For further information please contact Andrew Tucker