Substantial Town Centre Freehold Development Opportunity
VIEWINGS UPON REQUEST - CALL THE TEAM!
Description
A rare opportunity to acquire a prominent three-storey mid-terrace property situated in the heart of Blyth town centre. Formerly operating as Victory Amusements, this substantial building now requires full refurbishment throughout, offering huge scope for redevelopment to a variety of uses (subject to the necessary consents).
The Property
-Extending to approximately 340 sq. m. (3,660 sq. ft.) across three floors.
-Ground floor with former amusement arcade layout, storage, kitchen, and WC facilities.
-Two upper floors with large open rooms, previously used for ancillary accommodation, now stripped back and providing a blank canvas for future conversion.
-Traditional frontage with excellent prominence onto Waterloo Road, a busy retail and commercial location.
Condition
The property is in need of significant renovation and refurbishment. Internally, many areas have been stripped back to brickwork and floors/ceilings require attention. Some original features remain, and the property benefits from generous proportions and natural light at upper levels.
Development Potential
Given its size and layout, the property offers excellent redevelopment prospects, including but not limited to:
-Mixed-use scheme with ground floor commercial unit and residential above.
-Conversion to apartments/HMO accommodation (subject to planning).
-Continued commercial use such as retail, leisure, office, or hospitality.
Location
The building occupies a prominent position on Waterloo Road, Blyth’s main shopping street, close to national and independent retailers, eateries, and community amenities. The town continues to undergo regeneration, with strong local demand for both residential and commercial space.
Accommodation (approx. gross internal areas):
-Ground Floor: 134 m² (1,442 sq. ft.)
-First Floor: 114 m² (1,227 sq. ft.)
-Second Floor: 92 m² (990 sq. ft.)
Total: 340 m² (3,659 sq. ft.)
Tenure: Freehold
Council Tax / Rateable Value: Interested parties should make their own enquiries with the local authority.
Auctioneer’s Note:
This is a significant redevelopment opportunity in a prime location. Early inspection is highly recommended to appreciate the scale and potential on offer.
Tenure: Freehold
EPC Rating: see legals
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
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- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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