Freehold Retail Opportunity and Residential Ground Rent Investment
Former ground floor banking hall with residential ground rent on upper floors
Prominent position in town centre
Approx. 106.50 sq m (1,146 sq ft) on the ground floor
Of interest to owner occupiers
Asset management opportunities
VAT free opportunity
Lot 44
Auction 18th September 2025
Vacant Possession
Status Sold
Price £84,000
Sector High Street Retail, Development
Auction Venue Live Streamed Auction
On Behalf of a Major Bank
Property Information
Location
Miles
30 miles south west of Newcastle Upon Tyne, 32 miles west of Middlesbrough
Roads
A67, A68
Air
Newcastle City Airport
Situation
Middleton-in-Teesdale is a market town popular with tourists, being surrounded by the picturesque North Pennines and some 8 miles north of Barnard Castle. The property is situated on the east side of Market Place in the heart of the town centre.
Tenure
Freehold.
Location
Miles
30 miles south west of Newcastle Upon Tyne, 32 miles west of Middlesbrough
Roads
A67, A68
Air
Newcastle City Airport
Situation
Middleton-in-Teesdale is a market town popular with tourists, being surrounded by the picturesque North Pennines and some 8 miles north of Barnard Castle. The property is situated on the east side of Market Place in the heart of the town centre.
Tenure
Freehold.
Description
The property comprises a ground floor former bank together with residential accommodation on the upper two floors, which has been let on a long lease.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor former bank together with residential accommodation on the upper two floors, which has been let on a long lease.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail
106.50
(1,146)
VACANT
First/Second
Residential
-
-
INDIVIDUAL
125 years from 25/12/2004
Peppercorn
Total Approximate Commercial Floor Area
106.50
(1,146)
NB. The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
