Millwheel House, Kingsway, Bishop Auckland, County Durham, DL14 7JN

Guide Price* : £80,000

  • Town Centre Investment/Development Opportunity
  • regular site of 0.11 acres
  • Previous use as trade counter unit
  • Suitable for development/conversion subject to planning

Description

The property occupies a prominent corner site and was previously in use as a trade counter style unit for an electrical goods vendor.

The property is arranged over ground and first floors and would suit a variety of uses including retail, leisure and sui generis.

The property is also suited for development and is within an established residential area with a regular site of 0.11 acres. We consider the property to be ideal for residential conversion (subject to the necessary consents)

The property comprises a reception, office and storage area to the ground floor with a roller shuttor door providing access to the storage. The first floor comprises office space and further storage. The full gross internal area (GIA) is 5,784 sq ft (537.37 sq m).

Location

Bishop Auckland is a market town located between Durham and Darlington and benefits from excellent road communications via the A1(M).

The property is situated on Kingsway, which runs parallel to Newgate Street, the main retail pitch of Bishop Auckland. The property is therefore in a quieter location with some surrounding retail use but with an increasing predominant residential use. There is a public car park opposite the property which generates good footfall for any potential retail use.

Tenure

Freehold

Planning Authority

Durham County Council

Accommodation

Floor Use Accommodation
Ground Reception, Office & Storage 3,590 sq ft
First Office & Storage 2,194 sq ft
Total 5,784 sq ft

Contact

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

The auction has not yet started
Minimum Opening Bid

£50,000


Bidding Opens On
26th Aug 2020 12:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Max Mason
07917 865 212

Legal Documents

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Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton August 2020

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.