Summary - 80, NEWGATE STREET DL14 7EQ
1 bed 1 bath Commercial Property
Huge redevelopment site with outline consents for hotel or apartments.
Grade II listed, large three-storey historic stone façade
A rare redevelopment proposition in Bishop Auckland: a large Grade II listed former department store offered freehold and sold via online auction. The building extends across three floors (c.55,000 sq ft as stated in sales particulars, seller's overall size noted as extremely large) and sits on a substantial town-centre plot, providing strong scope for a high-yield conversion.
Outline planning consent from December 2019 covers alternative schemes (62-bedroom hotel with three ground-floor A1/A3 units, or 27 apartments with three A1/A3 units). The permissions are understood to have been implemented by the local authority, giving buyers a potentially valuable starting point for delivery. The property is in the Bishop Auckland Heritage Action Zone and close to cultural draws including Auckland Castle and Kynren, which help underpin visitor demand if pursuing hospitality use.
The building is derelict and unlit internally and requires comprehensive renovation and restoration work. Listed status will restrict changes and add consent and conservation costs; implementation of schemes will require careful liaison with heritage planners. The site is elected for VAT, so VAT will be payable on purchase. Note the property sits in a high-crime, deprived area with Challenged Transitionaries and Ageing Urban Communities classifications — local market risks and management implications should be factored into feasibility.
This is a specialist project for experienced developers or investors prepared to manage listed-building constraints, substantial capital expenditure and an auction purchase process. Benefits include scale, town-centre location, clear outline consents and excellent connectivity; drawbacks include dereliction, conservation obligations, local market deprivation and buyer’s fees and VAT on completion.
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