Description
A rare opportunity to acquire a substantial mixed-use freehold property extending to 1.23 acres, comprising income-producing workshop accommodation, previously owner-occupied commercial buildings, extensive yard and storage areas and a substantial four-bedroom dwelling.
The property has evolved over many years and now provides a unique blend of investment income, owner-occupier accommodation and asset management opportunities.
The commercial accommodation extends to approximately 16,223 sq ft and comprises a range of workshop, warehouse and storage buildings suitable for a variety of commercial uses. The previously owner-occupied accommodation offers scope for refurbishment, modernisation, repositioning or continued occupation to suit a purchaser's own operational requirements, subject to any necessary consents.
Two workshop units are currently let to established local occupiers, producing a combined rental income of £21,600 per annum. Both benefit from independent frontage and direct access from Mundell Street.
The remaining commercial accommodation, together with the principal yard areas and Dene House, are accessed from Bridge Street, with secondary access available via Park Road.
A major feature of the property is the extensive hardstanding and yard accommodation situated throughout the site. Significant areas are suitable for vehicle parking, storage, circulation and operational use, with approximately 0.375 acres (16,335 sq ft) considered capable of being utilised for dedicated storage or income-producing purposes, subject to operational requirements and any necessary consents.
Included within the sale is Dene House, a substantial four-bedroom residential property situated within the wider site. The property provides spacious accommodation and offers scope for refurbishment and modernisation. It may appeal to purchasers seeking live/work accommodation, investment potential or residential accommodation ancillary to a wider commercial operation.
A detached bungalow adjoins the site and is currently excluded from the sale. The vendors may, however, consider including the property by separate negotiation. Further information is available upon request.
Location
The property is situated within South Moor, a well-established commercial and residential area forming part of Stanley, County Durham.
Stanley is one of the principal market towns within County Durham, serving a substantial catchment population extending across Stanley, Annfield Plain, Catchgate, Tanfield Lea, Dipton and the surrounding villages. The town benefits from excellent road communications providing access to Chester-le-Street, Consett, Durham City, Newcastle upon Tyne and the wider North East region.
The commercial elements occupy positions fronting both Bridge Street and Mundell Street, with the wider site also benefiting from secondary access via Park Road. The surrounding area comprises a mixture of established residential neighbourhoods, commercial premises, vehicle-related businesses, trade operators and local occupiers.
Tenure
The property is available freehold with the benefit of the existing occupational leases.
We understand that the property comprises a number of separate title interests. Further information is available from the selling agents upon request.
Interested parties should rely upon their own legal investigations in this regard.
Tenancies
Unit 1, Mundell Street
Occupied by a private individual trading as Northshore Custom Conversions, a long-established occupier of the site. The tenant recently renewed their lease for a term of 5 years from 1 June 2026 at a current rent of £10,800 per annum.
We understand that the tenant is responsible for internal repairs and maintenance, together with windows, doors and internal services, with the landlord retaining
responsibility for the principal structure and roof.
The New Garage, Mundell Street
Occupied by a private individual trading as Connors Mini Buses, a long-standing occupier of the property. The tenant recently renewed their lease for a term of 5 years
from 1 June 2026 at a current rent of £10,800 per annum plus VAT.
We understand that the tenant is responsible for internal repairs and maintenance, together with windows, doors and internal services, with the landlord retaining
responsibility for the principal structure and roof.
Copies of the tenancy agreements and associated documentation are available to genuinely interested parties upon request.
Proposal
We are instructed to seek offers in excess of £600,000 (Six Hundred Thousand Pounds) for the benefit of our client's freehold interest.
VAT
We understand that a small part of the property may be elected for VAT purposes, although our clients are currently making further enquiries to verify the position.
All figures quoted within these particulars are exclusive of VAT. Interested parties should satisfy themselves as to the VAT treatment of the transaction and take appropriate professional advice prior to entering into any transaction.
Offers are sought exclusive of VAT and will be considered on that basis.
Business Rates
The property is assessed for business rates under several separate assessments. Further information is available on request, but interested parties should verify the accuracy of the information with Durham County Council.
EPC
The property has the following Energy Performance Certificate ratings:
- Unit 1, Mundell Street - C
- New Garage, Mundell Street - E
- Workshop 1 & 2 - G
- The Car Garage, Bridge Street - N/A
- Dene House, Bridge Street - D
Copies of the Energy Performance Certificates are available upon request.
Planning & Environmental
We understand the property has historically been used for a variety of commercial, storage, vehicle repair and residential purposes.
The property has recently been inherited and neither the sellers nor the selling agents have undertaken any planning, environmental or ground condition investigations. No environmental reports are currently available.
Interested parties should satisfy themselves as to all planning, environmental, ground condition and contamination matters by way of their own enquiries and investigations.
Legal Costs
Each party to be responsible for their own costs incurred in the transaction.
Anti-Money Laundering Regulations
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.
About Us
Established in April 2017, Graham S Hall Chartered Surveyors are a highly regarded independent firm of Chartered Surveyors and commercial property agents based in Durham.
We are passionate about property and getting the best results for our clients. We pride ourselves on hard work and giving good honest advice, irrespective of the fee and even when it might not be what the client wants to hear.
While our focus is primarily on sales, lettings and acquisition of retail, office, industrial and investment, we also offer extensive experience in asset management, development and lease advisory, such as lease renewal and rent review.
Our main core areas of work include:
Leasing and letting
Sale and purchase
Investment sale and purchase
Lease renewal and rent review
Asset management
Development
Consultancy
Expert witness
However big or small, we are ready to help. Talk to us today.
