Summary - 6, TAYLOR STREET DH8 5RQ
1 bed 1 bath Commercial Property
Freehold fixer with strong conversion potential near major retail amenities.
Freehold commercial building close to Hermiston Retail Park
Potential to create three commercial units and multiple flats, subject to consents
Requires full refurbishment throughout; currently derelict and boarded
Located in Consett South selective licensing area — licensing may apply
High local crime rates; consider impact on lettings and insurance costs
Sold at online auction — 10% deposit and completion in 28 days required
Buyer’s premium and administration fee payable on exchange — check legal pack
Mains services present; excellent mobile signal and fast broadband speeds
An industrial-style stone building offering a clear development play in Consett, offered freehold at auction. The property sits a short walk from Hermiston Retail Park and supports strong connectivity with excellent mobile signal and fast broadband — useful for both commercial tenants and future residents. It requires full refurbishment throughout but presents scope, subject to planning, to create three commercial units and multiple flats.
This is a pragmatic opportunity for an investor or developer prepared to manage works and planning. The property lies within the Consett South selective licensing area; purchasers must factor licence requirements and any restrictions shown in the legal pack. The area has high crime statistics and some local deprivation indicators, which affect lettings and rental levels; neighbouring amenities and schools are nearby.
Sale will be by online livestream auction. Bidders must be ready to exchange on the day with a minimum 10% deposit and meet additional auction fees — an administration fee and a buyer’s premium apply. Full due diligence is essential: consult the legal pack for planning history, building safety, rights, easements, coalfield/mining notes and any disbursements.
For those able to manage renovation risk, the site offers flexible end uses: mixed commercial ground floor and residential above (potentially two 2-bed and two 3-bed flats) or three separate commercial units, subject to consents. The plot is a decent size with off-street parking and mains services connected; EPC and council tax details are to be confirmed in the legal pack.
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