Guide price
£325,000
(£5.93/sq. ft)
Industrial for saleMilton Street, Crook DL15
54,798 sq. ft
EPC Rating: E
About this property
We are advised the unit benefits from 3 Phase Electricity
Two residential flats on site
1.258 acres of land
Double garage and Office block
Development opportunity
Rental income approx 1440 pcm
Freehold Title
Summary
*For sale via secure sale online bidding: Terms and conditions apply.*
Property overview:
A rare chance to acquire a freehold 1.258acre mixeduse site, combining established commercial buildings, residential accommodation, andmost notablyan exceptional 1.10acre parcel of adjoining land offering outstanding development potential.
The property is accessed via two secure 16ft metal gates, opening onto a generous forecourt that leads to the main buildings: A large double garage, a twostorey office block, and two residential flats. All buildings benefit from threephase electricity.
The site currently generates 1,440 per calendar month in rental income, with clear scope to increase returns through refurbishment or redevelopment.
The substantial land parcel positioned directly beside the main buildings provides a prime opportunity for commercial expansion, residential development, or a comprehensive mixeduse scheme (subject to planning).
Location:
Positioned just north of Crook with excellent access to Durham, Bishop Auckland the A68, A167, and A1(M), this is a prime opportunity for developers, investors, or businesses seeking space to grow.
Commercial Buildings:
The principal structure is a large double garage, formerly used as a coach garage, featuring multiple loading access doors and offers flexible internal space suitable for a range of commercial uses. While refurbishment is required, the building provides a solid base for operational businesses or future redevelopment.
A twostorey office block with facilities, further enhance the site's commercial appeal, offering adaptable space for administrative, operational, or specialist business needs.
Residential Accommodation:
Two purposebuilt residential flats sit adjacent to the commercial buildings:
Ground floor 1 bedroom flat: Recently refurbished to a high standard; will be sold with vacant possession.
Firstfloor 2 bedroom flat: Currently let under an assured shorthold tenancy.
Additionally a prefabricated unit on site is leased to a sole trader, providing an additional income stream.
1.10 Acre plot:
The standout feature of this plot is the substantial 1.10acre parcel of vacant brownfield site located directly alongside the existing buildings, it benefits from its own gated vehicle access. This expansive land offers a rare blank canvas for new industrial units, storage, workshops, housing, or a bespoke mixeduse scheme (STP).
Investment & Development Potential:
With its combination of existing income, flexible commercial space, residential units, and critically a large, undeveloped brownfield area, this site is suited to:
*Developers seeking a project
*Businesses requiring space to expand
*Investors looking for a multistream income asset
*Those exploring mixeduse or phased redevelopment opportunities
*The site is not subject to any public rights of way, ensuring privacy and simplifying future planning considerations.
The site is not subject to any public rights of way.
Please enquire today to learn more about how this property can serve your business or investment ventures.
Location
Positioned just north of Crook with excellent access to Durham, Bishop Auckland the A68, A167, and A1(M), this is a prime opportunity for developers, investors, or businesses seeking space to grow.
Accommodation
The property benefits from a sizeable double garage ideal for operating as a business or further operational needs. Additionally, the property boasts an impressive double story office block with facilities . This space is perfect for administrative needs or can be adapted to suit a variety of commercial practices. Additionally there are Two residential flats and a prefabricated building on site.
Tenure
Freehold. Title number DU346950
Council Tax
Band A
EPC
Available upon request ( rating E )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
*For sale via secure sale online bidding: Terms and conditions apply.*
Property overview:
A rare chance to acquire a freehold 1.258acre mixeduse site, combining established commercial buildings, residential accommodation, andmost notablyan exceptional 1.10acre parcel of adjoining land offering outstanding development potential.
The property is accessed via two secure 16ft metal gates, opening onto a generous forecourt that leads to the main buildings: A large double garage, a twostorey office block, and two residential flats. All buildings benefit from threephase electricity.
The site currently generates 1,440 per calendar month in rental income, with clear scope to increase returns through refurbishment or redevelopment.
The substantial land parcel positioned directly beside the main buildings provides a prime opportunity for commercial expansion, residential development, or a comprehensive mixeduse scheme (subject to planning).
Location:
Positioned just north of Crook with excellent access to Durham, Bishop Auckland the A68, A167, and A1(M), this is a prime opportunity for developers, investors, or businesses seeking space to grow.
Commercial Buildings:
The principal structure is a large double garage, formerly used as a coach garage, featuring multiple loading access doors and offers flexible internal space suitable for a range of commercial uses. While refurbishment is required, the building provides a solid base for operational businesses or future redevelopment.
A twostorey office block with facilities, further enhance the site's commercial appeal, offering adaptable space for administrative, operational, or specialist business needs.
Residential Accommodation:
Two purposebuilt residential flats sit adjacent to the commercial buildings:
Ground floor 1 bedroom flat: Recently refurbished to a high standard; will be sold with vacant possession.
Firstfloor 2 bedroom flat: Currently let under an assured shorthold tenancy.
Additionally a prefabricated unit on site is leased to a sole trader, providing an additional income stream.
1.10 Acre plot:
The standout feature of this plot is the substantial 1.10acre parcel of vacant brownfield site located directly alongside the existing buildings, it benefits from its own gated vehicle access. This expansive land offers a rare blank canvas for new industrial units, storage, workshops, housing, or a bespoke mixeduse scheme (STP).
Investment & Development Potential:
With its combination of existing income, flexible commercial space, residential units, and critically a large, undeveloped brownfield area, this site is suited to:
*Developers seeking a project
*Businesses requiring space to expand
*Investors looking for a multistream income asset
*Those exploring mixeduse or phased redevelopment opportunities
*The site is not subject to any public rights of way, ensuring privacy and simplifying future planning considerations.
The site is not subject to any public rights of way.
Please enquire today to learn more about how this property can serve your business or investment ventures.
Location
Positioned just north of Crook with excellent access to Durham, Bishop Auckland the A68, A167, and A1(M), this is a prime opportunity for developers, investors, or businesses seeking space to grow.
Accommodation
The property benefits from a sizeable double garage ideal for operating as a business or further operational needs. Additionally, the property boasts an impressive double story office block with facilities . This space is perfect for administrative needs or can be adapted to suit a variety of commercial practices. Additionally there are Two residential flats and a prefabricated building on site.
Tenure
Freehold. Title number DU346950
Council Tax
Band A
EPC
Available upon request ( rating E )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Mortgage calculator
Monthly repayment
£1,625 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}