70 Newgate Street, Bishop Auckland
Savills commercial SOLD

70 Newgate Street, Bishop Auckland, DL14 7EQ

£96,000 Score 6.5/10

Description

To be offered on Wednesday 29 July. Value-Add Investment/Development Opportunity. Double Fronted Retail Unit and Upper Parts. Immediate Asset Management Potential Via Letting. Nearby Units Let for £40, 000 per annum. Development/Conversion Potential (stc). Approx. 12, 902 sq ft (1, 198.60 sq m). Prominent High Footfall Pitch. Offered with Full Vacant Possession. Guide Price Reflects a Low £6.59 per sq ft

Opportunities

  • Development potential
  • £106/sqft
  • Est. 11.4% yield

Lot details

  • To be offered on Wednesday 29 July
  • Value-Add Investment/Development Opportunity
  • Double Fronted Retail Unit and Upper Parts
  • Immediate Asset Management Potential Via Letting
  • Nearby Units Let for £40, 000 per annum
  • Development/Conversion Potential (stc)

Estimated value

£93k – £102k ≈ £98k High confidence
How we worked this out

Based on 7 comparable sales in DL14 (median £98k)

Indication only — based on Land Registry sales and EPC data, not a formal valuation.

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Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.