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Lot 18 * £275,000

Auction: Wednesday 16th July 2025

106–108 Newgate Street, Bishop Auckland, Co. Durham DL14 7EQ

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Lot 18   Click here for addendum

Freehold – 3 Shops, 5 Office Suites & a Rear Car Park - Gross Yield 16.6%
6 Week Completion

Situation

Occupying a prominent corner position at the junction with Princes Street within the town centre amongst such multiple traders as Halifax and Santander along with various local traders. In addition, there is a Morrisons a ¼ mile distant and Bishop Auckland Railway Station (Northern Rail) is just a couple minutes' walk.
Bishop Auckland is a market town which lies some 12 miles south-west of Durham and 14 miles north-west of Darlington.

Property

An end of terrace building comprising 3 Ground Floor Shops with separate side access to 5 Office Suites on the first floor. In addition, the property includes a Large Car Park which is accessed from Westgate Road at the rear which had planning (now lapsed) for 7 houses (see 'Planning' section).

VAT is applicable to this Lot

FREEHOLD

PLANNING
On 25th November 2016, Durham County Council granted Planning Permission (now lapsed) for ‘Erection of 7no. dwelling houses and associated car parking' at the Land Rear of 100 to 110 Newgate Street. Planning Ref: DM/16/02848/FPA.

Click here for the Planning Documentation and Plans.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.