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.
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
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).
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.
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 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.