Retail premises for sale in Investment, 1, Albert Hill, Bishop Auckland DL14

£240,000 (£115.22/sq. ft)
Interested in this property? Call +44 1642 048886 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Retail premises for sale 2,083 sq. ft*

Property features

  • Mixed Residential & Retail Investment
  • Recently Refurbished
  • Ground Floor Shop
  • 2 Fully Let Flats

Property description

Bishop Auckland is a busy market town in a popular commercial location with a large catchment area lying approximately 12 miles south of Durham City and 13 miles north of Darlington. The property is edge of town centre but in the most popular non pedestrianised location of town. The established local independent retailers here benefit lower rents and rates than closer into town. The flats enjoy commanding views over the town and hills beyond.

Investment summary

• Mixed Residential and Retail Investment
• Recently refurbished to high specification
• Ground floor shop let for beauty and producing £8,400 pax
(considered reversionary)
• 2 flats fully let producing £9,600 pax
• Total income of £18,000 pax
• Guide price of £240,000 (Two Hundred & Forty Thousand
Pounds) exclusive, Subject to Contract
• Attractive gross return yield of 7.5% to an investor

The property comprises an attractive and imposing 4-storey stone constructed end of terrace building with multi pitch slate roofs, new PVC double glazed windows on uppers and impressive timer sash bay windows on two elevations. The ground floor and basement is traded as hair and beaty salon. The uppers are in residential use with independent access from the rear. The property is near to Asda and Morrisons offering great amenity for residents and near free short-term parking for users.

The flats have been refurbished within the last five years to a very high standard, including re-roofing, redecoration and are fully compliant The property provides the opportunity to convert the lower level commercial space into residential to create further flats or potentially communal occupation.

The shop and flats have been let by the current owner on an informal basis. There is the opportunity for a future buyer to formalise these agreements. We consider the ground and basement rent to be quite low and would expect the market rent of between £10-£12,000 might be achievable offering reversionary potential.


Guide price of £240,000 (Two Hundred & Forty Thousand Pounds) exclusive, Subject to Contract.

Upper Ground: 703.00 sqft
Basement: 380.00 sqft
Above (approx): 1,000.00 sqft
Total: 2,083.00 sqft

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Connect Property North East, TS18 on +44 1642 048886 * (local rate)

Contact Connect Property North East about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.


Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Connect Property North East, and do not constitute property particulars. Please contact Connect Property North East for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

9 more properties like this

View all Albert Hill commercial properties for sale