Summary - Co-Operative Buildings,Hexham Old Road,RYTON,NE40 3ER NE40 3ER
1 bed 1 bath Commercial Property
Substantial three-storey conversion with planning consent and 12 parking bays.
Planning consent for 6x 2-bed flats, 2x 1-bed flats and 1x 2-bed house
A substantial former Co-op building on Hexham Old Road with planning consent for residential conversion offers a clear investment route. Consent covers six 2-bed flats, two 1-bed flats and a 2-bed house; groundwork has already started and a new roof with Velux windows has been recently installed. Each future unit has a private entrance and there are 12 designated off-street parking bays, valuable for rental appeal and resale.
The property is offered freehold and will be sold at auction, making it suitable for investors or developers comfortable with auction processes and completing build works. The site sits in a comfortable, predominantly professional suburb with fast broadband, excellent mobile signal and low flood risk — factors that support lettability and marketability.
Buyers should note this is a refurbishment/development opportunity rather than a turnkey investment. Building work is incomplete, windows are boarded in places and internal fit-out and services installation remain to be finished. The auction sale carries the usual buyer costs and the guide price may differ from the undisclosed reserve; please allow for completion-costs and auction fees when assessing return on investment.
For investors seeking a sizable project in a very affluent local area with planning already in place, this property provides scale, parking and a recently renewed roof — all positives for a conversion scheme. The accurate budgeting of remaining works and allowance for auction purchase terms will be essential to secure value.
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