Summary - DIAMOND GARAGE, TAYLOR STREET DH8 5RQ
1 bed 1 bath Commercial Property
Auction sale for developers seeking high-upside renovation projects in a busy town centre.
Freehold commercial building with redevelopment potential
A substantial freehold commercial building in Consett offering clear development upside close to Hermiston Retail Park. The property is being sold at auction and presents potential to create three ground‑floor commercial units or convert to multiple residential flats, subject to planning consent. Its location benefits from strong local amenities, good mobile coverage and nearby schools rated Good.
The building requires full renovation and shows signs of neglect, including boarded windows and likely structural and remedial works. Buyers should expect refurbishment costs, possible licensing requirements (selective licensing area) and other constraints detailed in the legal pack. Services are mains-connected but no EPC is available (EPC Rating TBC).
This is suitable for experienced investors or developers comfortable with auction timelines and conditional purchases: a 10% deposit is payable on exchange and completion is typically within 28 days. Due diligence is essential — review the legal pack for planning history, building safety, mining records and any restrictions before bidding.
Off‑street parking and a central town location increase lettability for commercial tenants or future flats once consents are obtained. The property’s low guide price reflects its condition and the potential to add value through conversion or refurbishment.
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