Retail premises for sale

Springwell Buildings, Horden, Peterlee SR8

Summary

For sale via secure sale online bidding - terms and conditions apply.

This prominent corner retail property occupies a highly visible roadside position with extensive frontage and strong passing traffic, making it an excellent commercial investment, redevelopment, or owner-occupier opportunity. Formerly occupied by William Hill, the property benefits from an established commercial presence and strong local recognition within the area.
The single-storey premises feature a wide glazed frontage, modern fascia signage, and exceptional visibility from multiple approaches, providing excellent exposure for a wide range of businesses. Internally, the accommodation offers flexible open-plan space with substantial frontage and access points, making it suitable for retail, leisure, office, medical, convenience, or service-based uses (subject to the necessary consents).
Importantly, the property offers significant asset management and redevelopment potential, having previously been configured as five individual retail units. The layout and frontage lend themselves well to subdivision, creating the opportunity for multiple income-producing units or a mixed-use commercial scheme, subject to planning and configuration requirements.
Situated within an established mixed-use location surrounded by residential housing and local amenities, the property benefits from regular footfall, convenient roadside access, and strong community presence.

1-5 Springwell Buildings occupies a central and highly accessible position within Horden, Peterlee, County Durham (SR8 4SD). The property sits prominently on a busy roadside junction within an established residential and commercial area, benefitting from excellent visibility and regular passing traffic. Horden is a well-connected East Durham location approximately 3 miles east of Peterlee town centre and within easy reach of the A19 trunk road, providing direct links north to Sunderland and Newcastle, and south towards Hartlepool and Teesside. The surrounding area comprises a strong mix of local retailers, community services, and densely populated residential
neighbourhoods, supporting consistent local trade and footfall.

Please note we have not inspected this property.

Location

1-5 Springwell Buildings occupies a central and highly accessible position within Horden, Peterlee, County Durham (SR8 4SD). The property sits prominently on a busy roadside junction within an established residential and commercial area, benefitting from excellent visibility and regular passing traffic. Horden is a well-connected East Durham location approximately 3 miles east of Peterlee town centre and within easy reach of the A19 trunk road, providing direct links north to Sunderland and Newcastle, and south towards Hartlepool and Teesside. The surrounding area comprises a strong mix of local retailers, community services, and densely populated residential neighbourhoods, supporting consistent local trade and footfall.

Accommodation

The single-storey premises feature a wide glazed frontage, modern fascia signage, and exceptional visibility from multiple approaches, providing excellent exposure for a wide range of businesses. Internally, the accommodation offers flexible open-plan space with substantial frontage and access points, making it suitable for retail, leisure, office, medical, convenience, or service-based uses (subject to the necessary consents).
Importantly, the property offers significant asset management and redevelopment potential, having previously been configured as five individual retail units. The layout and frontage lend themselves well to subdivision, creating the opportunity for multiple income-producing units or a mixed-use commercial scheme, subject to planning and configuration requirements.

Rateable Value

Current rateable value (1 April 2026 to present) 8,900. Sourced from voa.

Tenure

Freehold, title numbers
DU97041
DU52733
DU227989
DU73091

EPC

Rating B, full report available on request.

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.