Newgate Street, Bishop Auckland, Durham, DL14 7EL

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

A substantial and fully refurbished mixed-use freehold investment property occupying a prominent position on Newgate Street in Bishop Auckland town centre. Refurbishment completed September 2023, this turn-key opportunity offers strong existing income with immediate uplift potential — ideal for experienced investors and those looking to grow a mixed-use portfolio in the North East.

Situated moments from Bishop Auckland General Hospital and the town’s main retail core, the property benefits from consistent demand from both commercial tenants and professional/key worker residential occupiers. Basement workshop unit, currently let at £200 pcm. Bin store.

Ground Floor Two commercial units with shared communal facilities including a kitchen, dining area, utility room, and WC.       •     Unit 1: Currently let at £450 pcm (tenant in situ since 2023)       •     Unit 2: Brand new lease commencing 1 May — O’Reilly’s at £395 pcm First Floor Landing, separate WC, boiler room, and two spacious en-suite bedrooms. Second Floor Two very spacious en-suite bedrooms.

HMO Summary — 6 En-Suite Bedrooms       •     3 rooms tenanted: 2 × £550 pcm, 1 × £700 pcm       •     3 rooms vacant: all achievable at £550 pcm Current Income: £2,845 pcm /£ 34,140 per annum

Fully Let Income: £4,495 pcm | £53,940 per annum

Please note we have not inspected this property.

Location Situated moments from Bishop Auckland General Hospital and the town’s main retail core, the property benefits from consistent demand from both commercial tenants and professional/key worker residential occupiers.

Accommodation Basement workshop unit, currently let at £200 pcm. Bin store

Ground Floor Two commercial units with shared communal facilities including a kitchen, dining area, utility room, and WC.       •     Unit 1: Currently let at £450 pcm (tenant in situ since 2023)       •     Unit 2: Brand new lease commencing 1 May — O’Reilly’s at £395 pcm First Floor Landing, separate WC, boiler room, and two spacious en-suite bedrooms. Second Floor Two very spacious en-suite bedrooms. HMO Summary — 6 En-Suite Bedrooms       •     3 rooms tenanted: 2 × £550 pcm, 1 × £700 pcm       •     3 rooms vacant: all achievable at £550 pcm

Current Income: £2,845 pcm /£ 34,140 per annum

Fully Let Income: £4,495 pcm | £53,940 per annum

Tenure Freehold & Leasehold titles, title numbers DU185918 & DU398097

Rateable Value 225 - Current rateable value (1 April 2026 to present) £5,600 225A - Current rateable value (1 April 2026 to present) £4,600 Sourced from VOA We have been advised that the current owner does not pay business rates due to small business rates relief.

EPC Commercial: 225 - Rating C 225a - Rating B

Residential: 225b - Rating C

Full reports 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.