Vinovium House, Saddler Street, Bishop Auckland, DL14

Asking Price

Location

Vinovium House, Saddler Street, Bishop Auckland

Size

36035 Sq Ft

Tenure

Freehold

Bedrooms

Type of property

Commercial

Current Rent

Potential Rent

£340,000

Current Yield

Potential Yield

8.70%

Former DWP office block with Prior Approval for 54 residential flats (43×1-bed, 9×2-bed, 2×3-bed). 8 storeys, 36,035 sq ft NIA. 47 parking spaces. Bishop Auckland town centre, within £192M+ Auckland Project regeneration area. £16,200 per consented unit / £24 per sq ft. Conversion opportunity — existing structure eliminates new-build costs.

Overview

An eight-storey former government office of approximately 36,000 sq ft in the heart of Bishop Auckland, with Prior Approval granted to convert into 54 self-contained flats. A substantial, consent-in-place conversion opportunity.

Investment highlights

Eight-storey former government office (c. 36,000 sq ft)
Prior Approval granted — conversion to 54 self-contained flats
Town-centre location, Bishop Auckland
Substantial, consent-in-place scheme for a developer
Estimated GDV of £2.9mil on completion — 54 consented units across c. 36,035 sq ft, with Prior Approval already in place

Vinovium House, Saddler Street, Bishop Auckland, DL14