Summary - 60-62, NEWGATE STREET DL14 7EQ
1 bed 1 bath Commercial Property
Income-producing Victorian asset with short-term refurbishment potential.
Mixed-use Victorian building with ground-floor retail and three flats
A substantial Victorian mixed-use building in central Bishop Auckland offered for sale by auction with a starting bid of £215,000. The ground floor provides a prominent retail frontage with large display windows suitable for an active shop, while three self-contained flats above generate a gross annual income of £26,460 and deliver a reported net initial yield of 9.9%.
Practical positives include off-street parking for up to four cars and useful basement storage, adding operational convenience for retail tenants. The building’s period stone façade, high ceilings on the ground floor and split-level retail layout give character and adaptable space for new occupiers or continued rental use. Broadband and mobile connectivity are adequate for modern businesses and residents.
Buyers should note this is a town-centre asset in a deprived area with very high recorded crime levels; that local context may affect tenant demand and rental growth. The basement has low headroom and the property will be sold at auction with a reservation fee — purchasers must allow for immediate onward costs and practical refurbishment or compliance works where required.
This lot suits an investor seeking immediate income with scope to add value through active asset management: refurbish flats, relet or reposition the shop, and improve signage or security. For an owner-occupier the retail space offers flexible commercial opportunity, but factor in refurbishment, service separation for flats, and the neighbourhood profile when considering long-term plans.
Property for sale in Newgate Street, Bishop Auckland, Durham, DL14 7EQ, DL14 — £215,000 • 1 bed • 1 bath
Commercial property for sale in North Bondgate, Bishop Auckland, DL14 — £125,000 • 2 bed • 1 bath
Commercial property for sale in Newgate Street, Bishop Auckland, DL14 — £100,000 • 2 bed • 1 bath • 2200 ft²
2 bedroom flat for sale in North Bondgate, Bishop Auckland, DL14 — £125,000 • 2 bed • 1 bath • 603 ft²
Terraced house for sale in Newgate Street, Bishop Auckland, County Durham, DL14 — £99,000 • 1 bed • 1 bath • 1164 ft²
Mixed use property for sale in 12 Fore Bondgate, Bishop Auckland, DL14 — £99,950 • 1 bed • 1 bath • 1787 ft²
