Development Opportunity For Sale

 

Summary

  • Development Opportunity
  • Asking Price: £300,000
  • NIA: 10,419 sq ft (968 sq m)
  • Site Area: 0.65 acres (0.26 hectares)
  • Subject to Contract

Location

The property is situated on the corner of Princes Street and Etherley Lane in Bishop Auckland, less than half a mile from the City Centre. Transport links are provided by Bishop Auckland Rail Station.

This key route links to the major north south A68, which is easily accessed via roundabouts to the west of the town. For travel further afield, the A688 provides a direct connection to the A1(M) Motorway to the east of Bishop Auckland.

Get directions from Google Maps

Further Information

Price Offers in the region of £300,000

Rates Payable Upon Enquiry


Description

The property comprises a three storey Victorian building (previously used as a school and then a hospital) arranged over ground and two upper floors offered in shell condition with existing permission to convert into 18 x one bedroom flats under Permitted Development Rules

In addition there are extensive grounds comprising a large car park and rear garden that offers a possibility of additional redevelopment of the site (subject to obtaining all relevant consents).

Terms

Offers are invited in the region of £300,000 (Three Hundred Thousand Pounds) for our client’s Freehold interest, subject to contract. Please note our client reserves the right not to accept the highest or any offer received.

Planning

In December 2022 Durham County Council approved under permitted development rules (ref: DM/22/02672/FPA):
"Change of use to 19 bed apart-hotel (Class C1)”.