Substantial period building with clear conversion upside for experienced developers.
Large former bank premises with circa 1,560 sq ft ground floor
A substantial period mid-terrace on Wigton High Street offering a clear development opportunity for an experienced investor or builder. The ground floor is former banking space extending to about 145 sq.m (1,560 sq.ft) with large rooms and high ceilings typical of Victorian/Georgian character. The property includes an existing first-floor apartment and substantial plot to the rear described as large.
Planning permission to convert the ground floor to a retained commercial unit, create an additional residential apartment via an external staircase and reinstate a former cottage was granted in June 2022 but has now expired. That permission (full details in the legal pack) illustrated likely uses and scope, however any buyer must allow for fresh planning discussions or a full resubmission with Cumberland Council. Tenure is not stated in the particulars and should be confirmed in the legal pack.
The building is dated and described as in need of restoration; the EPCs are poor (14=C and 14a=G) and elements such as insulation are likely absent from the stone walls. This is a higher-risk, higher-reward purchase: the property suits a specialist able to manage refurbishment, comply with conservation constraints and commit to the auction timetable. There is no flood risk and the location benefits from strong broadband and mobile signal, local schools rated Good and a range of town-centre amenities.
Bidders should note the sale is by public online auction with associated buyer’s fees and specific legal conditions. Carrying out full due diligence (legal pack, structural survey, services checks and planning pre-application advice) is essential before bidding.
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