Auction House London

Lot 53

Residential Development - Commercial Property 

Clairmont

Princes Street, Bishop Auckland, County Durham, DL14 7BB

Withdrawn Prior to Auction.

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

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about Clairmont, Princes Street, Bishop Auckland, County Durham, DL14 7BB

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