9 John Street Square, Consett, DH8 5AR

Description

A commercial property presenting an excellent opportunity for investors, developers and owner-occupiers seeking a renovation project with scope to add value. Positioned within Consett town centre, the property requires a full programme of refurbishment but offers excellent potential for a variety of future uses, subject to obtaining any necessary planning consents. The building is in need of comprehensive modernisation throughout, with significant scope for improvement and future income potential.

Accommodation

The accommodation briefly comprises a front commercial sales area with large display window, a kitchen area to the rear with access to a store room and separate WC, and two first-floor rooms previously utilised as ancillary accommodation. Externally, there is an enclosed rear yard with rear access.

Location

Positioned within Consett town centre.

Tenure / Property Information

Investment Analysis

No completed-sale comparables, GDV evidence or sufficiently specific rental evidence supplied. The property is vacant, leasehold and requires comprehensive refurbishment. Market value and resale potential cannot be reliably quantified without survey, legal-pack review, planning assessment and local commercial valuation evidence.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional commercial refurbishment opportunity after reviewing the legal pack, lease terms, planning position and obtaining a detailed refurbishment budget and valuation.

Works Required

Full refurbishment and modernisation of the commercial sales area, kitchen, store room, WC and two first-floor rooms, together with improvement of the enclosed rear yard, subject to survey and required consents.

Rental & Market Context

Potential BRRR Position

BRRR cannot be quantified because refurbishment cost, post-works value and rent are unsupported. The lease terms, ground rent, service charge and planning position require investigation before proceeding.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and requires comprehensive refurbishment.

Flip Analysis

A flip appraisal cannot be calculated because no GDV, completed-sale comparables, refurbishment budget or selling-cost allowance is supplied. Known guide price plus administration charge totals £11,600 before refurbishment, disbursements and other costs.

Investor Risks & Due Diligence

• Comprehensive refurbishment is required.

• Future uses are subject to any necessary planning consents.

• Lease terms, ground rent and service charge are not supplied.

• Additional disbursements and other purchaser costs may apply.

• No reliable rental or resale valuation evidence is supplied.

• The property is vacant.

Recommendation

Proceed only as a conditional commercial refurbishment opportunity after reviewing the legal pack, lease terms, planning position and obtaining a detailed refurbishment budget and valuation.

Strategy Rating

Analysis Confidence

The evidence confirms use, tenure, vacancy and general condition, but provides no valuation comparables, rental evidence, refurbishment cost, planning outcome or full purchaser-cost schedule.