Summary - 80, NEWGATE STREET DL14 7EQ
1 bed 1 bath Residential Development
Rare development opportunity with planning consent for hotel or residential conversion in Bishop Auckland.
Grade II listed former department store with ornate Victorian façade
Planning permission granted for hotel or residential conversion
Freehold; offered for online auction in November at £350,000
Derelict interior; requires comprehensive renovation and listed consent
High local crime and area deprivation may impact lettings/resale
Records show conflicting floor areas (c.5,000 and c.55,000); verify
No flood risk; excellent mobile signal, broadband speeds average
Very large site/plot; substantial development potential but with restrictions
This Grade II listed, stone-built former department store occupies a prominent high-street position in central Bishop Auckland and is offered freehold for sale by online auction in November. Planning permission has been granted for conversion to either residential accommodation or a hotel, providing a clear route to redevelopment in a town-centre location. The property has been vacant for around six years and is in derelict condition; it requires full renovation and specialist listed-building consent work.
The building and site are described as extremely large and the supplied materials give differing floor area figures (records cite c.5,000 sq ft and other texts c.55,000 sq ft). Prospective buyers should verify exact internal areas and footprints before bidding. Important practical positives include no flood risk, excellent mobile signal and central access to a wide range of shops, services and transport links.
Material constraints are significant and factual: listed status will restrict alterations and may complicate conversions; the interior is derelict and will need comprehensive refurbishment; the surrounding area records high crime levels and wider local deprivation which may affect lettings and resale values. Broadband speeds are average. The sale is by auction and will complete under auction terms, so interested parties should complete due diligence ahead of the November sale.
This asset suits a buyer or developer experienced with historic-buildings and town-centre regeneration who can manage listed-building consent, significant construction works and a challenging local market. With planning permission already in place, the site offers development upside for hotel or residential schemes, provided the conservation constraints and local market risks are carefully managed.
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