11-15 Trafalgar Street – (SOLD STC)

 

11-15 Trafalgar Street, Consett, County Durham, DH8 5AP

 

NALC Auctions are proud to offer to the market. This incredible Commercial building.

Ideal for investment or as a re development opportunity.

 

The sale is freehold – for the building as a whole. With the exception of unit three. Which has been previously sold by the current owners and is now subject to a 100 Year lease.

 

Description:

The sale is an ideal investment opportunity to purchase the building as a whole.

This former shopping arcade consists of 8 to 9 retail units.

Seven of which have been historically generating income of circa £25,000 per Annum.

The property is arranged over ground and first floor levels.

Each of which could be used for a variety of investment opportunities.

Or a “towns fund style” development. Subject to renewing the previous planning consents or  Obtaining a new consent for a updated scheme.

 

The Site measures 703 sq metres – 7567 Sq Ft

 

Planning History:

The building has previously benefited from consent for residential conversion. Dated 7th January 2015. Under Ref Number DM/14/03874/FPA.

The Consent gave permission that Internal alterations to the ground floor from 3  shop units to 9 shop units. and change of use to the first floor from commercial space to 11 in number new residential dwellings (ten 1 bedroom studios and 1 two bedroom Apartment).

Location:

The building is easily found by using our what three words system and searching for “secure.bottom.even”

Located in the Centre of Consett and close to all local amenities, set directly opposite the local bus station and Co-op Food Store.

Being just off the A692. Consett is a town in County Durham.

The town is ably served by Stocksfield Rail station.

14 miles (23 km) South-west of Newcastle upon Tyne. (30 minutes Train journey)

24 Miles south west of Sunderland

55 Miles East of Carlisle

11 Miles North of County Durham

 

Buyer’s Premium:

Buyer’s Premium Applies on the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, In addition a buyer’s premium of 3% of the sale price, Subject to a minimum of £6000 + VAT upon the exchange of contract.

 

Basic Facts

Date added: 30/05/23 Post Updated: 2024-01-29 09:26:42 Type: Status:
Floors: 2

Features

Freehold Commercial building

View on map / Neighborhood

This style property is located in Consett is currently and has been listed on NALC Auctions. This property is listed at £ 200,000. It has bedrooms, bathrooms, and is . The property was built in year.