MIXED USE PREMISE WITH HEAPS OF POTENTIAL!
OPEN HOUSE VIEWINGS:
11am - 11.30am Friday 4th September 2026
11am - 11.30am Wednesday 9th September 2026
Description
A substantial 274 sq m freehold property arranged over three floors, occupying a prominent position in the heart of Consett town centre. The property benefits from strong passing traffic and excellent access to local amenities and transport links, with Consett Bus Station located directly to the rear.
The ground floor provides a commercial space which is available with vacant possession and offers an immediate opportunity for occupation or letting. Based on its size and location, the ground floor is estimated to achieve rental income in the region of £10,000–£12,000 per annum.
The upper floors offer significant potential for residential conversion. The property has previously benefited from planning approval for the conversion of the first and second floors into five self contained flats, whilst retaining the ground floor for commercial use. There has also been prior approval for the conversion of the first and second floors into a seven bedroom HMO, again retaining the ground floor commercial accommodation. Further details and documentation are available within the legal pack.
There is also potential to explore alternative development options and maximise the use of the accommodation across all three floors, subject to obtaining the necessary planning consents.
The property offers the potential to create multiple income streams from a combination of commercial and residential accommodation. Local rental evidence indicates flats in the area achieving approximately £650 per calendar month, whilst HMO rooms, including bills, are understood to achieve approximately £550–£575 per month.
The property also benefits from plentiful free parking to the rear, adding further appeal for both commercial and residential occupiers.
The surrounding area includes a range of established national and local occupiers, including Post Office, Specsavers and Superdrug, providing an established commercial setting within the town centre.
An excellent opportunity for investors or developers seeking a substantial freehold property with existing commercial potential and significant residential conversion opportunities.
Offered with vacant possession.
Tenure: Freehold
EPC Rating: D
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
£3600 inc VAT payable on exchange of contracts.
Loading the bidding panel...
- 7 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.