Residential development for sale

>

Residential development for sale

Market Place, Barnard Castle
£400,000

Our Summary

  • We are delighted to offer a Grade II listed commercial investment property with huge potential to develop further income or for residential conversion subject to planning, situated in the heart of the historic market town of Barnard Castle

Description

This Grade II listed commercial property is situated in the heart of Barnard Castle, a historic market town in County Durham, and offers huge potential for development or residential conversion, subject to planning. The property comprises a self-contained ground floor shop with office, 11 individual office suites, and communal kitchen and bathroom facilities. The property benefits from private parking to the rear and is currently leased to two tenants, with a 10-year lease on the shop and a rolling 12-month lease on one of the office suites. The property is located near several nurseries, primary and secondary schools, and is easily accessible to nearby towns and cities such as Darlington, Bishop Auckland, and Newcastle upon Tyne. With a commercial EPC rating of 'E', the property presents a unique investment opportunity with potential for further income growth or residential conversion.
Finance This Property