Lot 28 - Clyde House, Gibbon Street, Bishop Auckland, County Durham, DL14 7DL
- Unconditional Online Auction Sale
- Guide Price* : £145,000
Three storey former office accommodation
Description
- Substantial three-storey former office building
- NIA 507.25 sq m (5,459 sq ft)
- Exciting redevelopment and refurbishment opportunity
- Potential for residential conversion, subject to planning
- Prominent location close to Bishop Auckland town centre
- Conveniently positioned for local amenities and transport links
Clyde House comprises a substantial three-storey former office building extending to approximately 507.25 sq m (5,459 sq ft), occupying a prominent position on Gibbon Street within the established market town of Bishop Auckland.
The property offers extensive accommodation arranged over three floors and presents an increasingly attractive opportunity for redevelopment, refurbishment and alternative use, subject to the necessary planning permissions, building regulations and other statutory consents.
Having previously been utilised as offices, Clyde House provides a substantial existing building with scope for reconfiguration and adaptation to suit a variety of potential uses. In particular, the scale and configuration of the property may lend itself to residential conversion, including the creation of self-contained apartments or a House in Multiple Occupation (HMO), subject to planning and the relevant statutory requirements. Other alternative uses may also be considered, subject to the appropriate consents.
The building provides a significant amount of accommodation over three floors, offering prospective purchasers the opportunity to undertake a comprehensive refurbishment and create a scheme tailored to their own requirements. The property could therefore appeal to residential developers, property investors, conversion specialists and owner-occupiers seeking a substantial building with scope to add value.
Clyde House is situated on Gibbon Street, within a short distance of the centre of Bishop Auckland, an established market town offering a good range of retail, leisure, educational and professional facilities. The property benefits from good transport links, with the A689 and A688 providing convenient access to Durham, Darlington, Newton Aycliffe and the wider County Durham area, whilst the A1(M) is also readily accessible for journeys further afield. Bishop Auckland railway station provides regular connections towards Darlington and the wider regional rail network, making the property well positioned for access to surrounding towns and employment centres.
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. An administration charge of £714 including VAT is payable by the successful buyer within 1 hour of the auction closing.
7. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
8. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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