Summary - Newgate Street, Bishop Auckland, County Durham, DL14 DL14 7EQ
5 bed 1 bath Terraced
Large, auction-sale commercial terrace with major refurbishment potential and town-centre visibility.
Approx. 3,175 sq ft over three floors, prominent town-centre frontage
A substantial mid-terrace property on Newgate Street offering about 3,175 sq ft across three floors — prime for an investor or developer seeking central Bishop Auckland frontage. The building’s size and prominent shopfront deliver flexible commercial use or mixed-use conversion potential in a busy town-centre location.
Sold via auction (reservation fee and buyer’s premium apply), the property is offered freehold and currently benefits from a short-term income receipt due before completion. Physically the building dates from the 1930s–40s, with high ceilings to the front and a large open-plan footprint that suits retail, office, or subdivision into multiple units, subject to consents.
Notable issues include ageing services and finishes: electric room heaters only, assumed solid uninsulated brick walls, damaged ceilings in places and general need for refurbishment. The area is classified as deprived with very high local crime rates — factors that will influence lettability, finance and insurance costs and should be considered in any valuation.
For an experienced investor this is a value-driven lot: strong town-centre visibility, sizable floor area, and clear scope to add value through refurbishment, reconfiguration or change of use. Buyers should arrange a site visit, carry out full surveys, and factor in renovation costs, necessary works to heating and insulation, and the auction buying costs before bidding.
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