NE31 1LQ - 1 bed large retail investment opportunity in Jarrow, NE31 1…

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Commercial property for sale in St. Johns Precinct, Hebburn, NE31

Summary - St. Johns Precinct, Hebburn NE31 1LQ

1 bed 1 bath Commercial Property

Auction sale ideal for investors ready to renovate and add value quickly.
- Substantial freehold commercial building, approx. 2,553 sq ft
- Double-width ground floor retail; two first-floor units above
- Offered with vacant possession; sold at online auction (30/10/2025)
- Requires extensive repair: widespread water and plaster damage
- Asbestos A3 low-level risk mainly in floor tiles (monitoring advised)
- Located in busy Mountbatten Shopping Centre; nearby national retailers
- Very deprived local area with high crime; factor security costs
- Potential for first-floor residential conversion subject to planning
A substantial freehold commercial building in Hebburn’s Mountbatten Shopping Centre offered with vacant possession and sold via online auction. The double-width ground floor retail unit and two first-floor units total approximately 2,553 sq ft and present clear scope for an investor or owner-occupier willing to carry out comprehensive refurbishment. The building sits among national and local retailers and benefits from good road and rail links, excellent mobile coverage and fast broadband potential.

The property requires significant repair: widespread water damage, plaster and ceiling deterioration, and evidence of low-level asbestos (A3) in floor tiles that should be monitored. Buyers must view at their own risk, sign a disclaimer, and allow for substantial structural and cosmetic works. Conversion of the first floor to residential may be possible subject to planning and statutory consents, offering upside if permissions are obtained.

Guide price starts at £75,000 and the sale is by auction on 30th October 2025; successful purchasers should budget separately for the auction administration fee and usual legal/title checks. The local area is classed as very deprived with higher-than-average crime, so refurbishment and secure tenancy strategy will be essential to realise rental or resale value. This is a high-potential, high-work opportunity for experienced buyers confident managing refurbishment, compliance and planning processes.

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