80 Newgate St, Bishop Auckland, DUR for Sale
Department Store - FOR SALE
1/2
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80 Newgate St
Bishop Auckland, DUR DL14 7EQ


HIGHLIGHTS

  • Served by good transport links
  • Close to amenities
  • Grade two listed former department store
  • Development opportunity with planning permission for hotel or residential scheme

OVERVIEW

Development opportunity with planning permission for hotel or residential scheme. The grade two listed former Beales department store occupies a prominent position on Newgate Street and is spread over three floors offering approximately 55,000 sq ft. of accommodation. The site boundary extends to approximately 0.63 acres (0.25 ha). Durham County Council granted outline planning permission for the site in December 2019. The Outline consent incorporates the following separate applications: DM/19/02223/FPA: Change of use of former department store to 3 no. ground floor units with flexible A1/A3 use and 62 no. bedroom hotel, associated internal and external alterations and partial demolition. DM/19/02221/FPA: Change of use of former department store to 3 no. ground floor units with flexible A1/A3 use and 27 apartments, associated internal and external alterations and partial demolition.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1800

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

DU285106

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Chris DonabieNaylors Gavin BlackMore Info

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