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This property comprises a value-add retail investment/development opportunity occupying a prominent high footfall pitch.
Arranged as a double fronted retail unit to the ground floor with ancillary upper parts, the property totals approx. 12,902 sq ft (1,198.60 sq m). The property is currently vacant and offering evident asset management potential via letting.
The property benefits from development/conversion potential of the upper parts to alternative uses, including residential (subject to obtaining any requisite consents).
The property occupies a prominent position in Bishop Auckland town centre, approximately 10 miles south from Durham, with double frontage to Newgate Street, providing walking distance to Newgate Shopping Centre. The surrounding area is characterised by primarily retail uses and local businesses.
Tenure
Freehold
Tenancy
Vacant