Vinovium House, Saddler Street, Bishop Auckland, DL14

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

Location & demand

Vinovium House stands on Saddler Street in the centre of Bishop Auckland, a short walk from the Market Place and Auckland Castle. The town is midway through a major heritage-led regeneration programme that continues to pull visitors and public investment into the town centre.

The building itself is an eight-storey former government office of approximately 36,000 sq ft, and the hard work on planning is done — Prior Approval for conversion to 54 self-contained flats is granted, so a buyer inherits a consented scheme rather than a planning application. Bishop Auckland sits south-west of Durham, with rail links towards Darlington and the East Coast Main Line, and town-centre one- and two-bed flats of the kind consented here serve a local workforce market. For a developer, the scheme offers substantial town-centre scale with the planning risk already retired.

The numbers

Asking price	£875,000
Consented units	54 self-contained flats (Prior Approval granted)
Floor area	c. 36,035 sq ft over eight storeys
Estimated GDV on completion	£2.9m
Current use	Former government office