Lot 53
    Residential Development
    Clairmont
    Princes Street, Bishop Auckland, County Durham, DL14 7BB
    Withdrawn Prior to Auction.
     
    Number 1
    A Well Located Residential Redevelopment Opportunity Comprising a Large Victorian (not listed) Building Formerly Used as an NHS Hospital Situated on a Substantial Plot Measuring Approximately 2/3 Acre. Offered with Planning Permission Under Permitted Development to Convert into 18 x One Bedroom Flats. Additionally there is Pre-App Advice Supporting Further Development on the Site with Potential to Erect a Free Standing Apartment Building on the Existing Car Park and Gardens (subject to obtaining all relevant consents).

    Description

    The property comprises a three storey Victorian building (previously used as a school and then a hospital) measuring 968 sq m (10,419 sq ft) arranged over ground and two upper floors offered in shell condition with existing permission to convert into 18 x one bedroom flats under Permitted Development Rules. In addition there are extensive grounds comprising a large car park and rear garden that offers a possibility of additional redevelopment of the site (subject to obtaining all relevant consents)

    Location

    The property is located in the heart of Bishop Auckland less than half a mile from the city centre. The open spaces of Northern Park are within easy reach. Transport links are provided by Bishop Auckland rail station. It is also close to the main roads serving the North East and enjoys access to local bus routes.

    Tenancy

    The current LHA rate for a one bedroom flat in the area is £74.79 per week. With 18 x 1 bedroom flats in the main building this would equate to £70,003 per annum (rounded).

    Significant additional income could be achieved by developing the substantial plot to the west of the main building.

    Tenure (2nd Column)

    Freehold

    Third Column

    Planning
    In August 2013 Durham County Council approved under permitted development rules (ref: PNC/2013/0001):
    "Change of use from former NHS building (B1) (office) to 18 residential flats (C3)"

    In May 2015 the council also gave pre-application advice to support the "erection of a free standing apartment building" to the north of the existing car park.

    Full plans and letters are available for inspection.

    Viewing Details

    Please refer to: 020 7625 9007
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