Summary - KILLERBY HOUSE, DURHAM CHARE DL14 7HS
1 bed 1 bath Retail Property (high street)
Period commercial building with conversion upside close to town centre amenities.
Approximately 4,276 sq ft across four floors
A substantial four-storey Victorian commercial building on Bishop Auckland’s prime Newgate Street, offered at £195,000. The property extends to approximately 4,276 sq ft across ground and three upper floors, with a large ground-floor retail footprint and generous upper-floor accommodation. The size and layout make it suitable for continued retail/office use or for a residential conversion subject to planning (STP).
The building is in a high street location surrounded by national and local occupiers and a dense retail/service offer, which supports footfall and leasing potential. Key practical points include excellent mobile signal, average broadband, no flood risk and current rateable values for ground/first and upper floors as stated.
Buyers should note material negatives: the area is classified as deprived with a very high crime level, the plot is small, and the property requires modernisation to realise its full potential. Tenure is not specified and EPC is to be assessed; interested parties should factor in refurbishment, planning and legal costs when assessing viability.
This asset will suit investors or owner-occupiers with an appetite for refurbishment, or developers seeking a town-centre conversion opportunity. Its size, period character and location offer clear upside if planning and refurbishment budgets are well managed.
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