Retail in SR8

For sale via secure sale online bidding - terms and conditions apply.

This prominent corner retail property occupies a highly visible roadside position with extensive frontage and strong passing traffic, making it an excellent commercial investment, redevelopment, or owner-occupier opportunity. Formerly occupied by William Hill, the property benefits from an established commercial presence and strong local recognition within the area.
The single-storey premises feature a wide glazed frontage, modern fascia signage, and exceptional visibility from multiple approaches, providing excellent exposure for a wide range of businesses. Internally, the accommodation offers flexible open-plan space with substantial frontage and access points, making it suitable for retail, leisure, office, medical, convenience, or service-based uses (subject to the necessary consents).
Importantly, the property offers significant asset management and redevelopment potential, having previously been configured as five individual retail units. The layout and frontage lend themselves well to subdivision, creating the opportunity for multiple income-producing units or a mixed-use commercial scheme, subject to planning and configuration requirements.
Situated within an established mixed-use location surrounded by residential housing and local amenities, the property benefits from regular footfall, convenient roadside access, and strong community presence.

1–5 Springwell Buildings occupies a central and highly accessible position within Horden, Peterlee, County Durham (SR8 4SD). The property sits prominently on a busy roadside junction within an established residential and commercial area, benefitting from excellent visibility and regular passing traffic. Horden is a well-connected East Durham location approximately 3 miles east of Peterlee town centre and within easy reach of the A19 trunk road, providing direct links north to Sunderland and Newcastle, and south towards Hartlepool and Teesside. The surrounding area comprises a strong mix of local retailers, community services, and densely populated residential
neighbourhoods, supporting consistent local trade and footfall.

Please note we have not inspected this property.

Location

1–5 Springwell Buildings occupies a central and highly accessible position within Horden, Peterlee, County Durham (SR8 4SD). The property sits prominently on a busy roadside junction within an established residential and commercial area, benefitting from excellent visibility and regular passing traffic. Horden is a well-connected East Durham location approximately 3 miles east of Peterlee town centre and within easy reach of the A19 trunk road, providing direct links north to Sunderland and Newcastle, and south towards Hartlepool and Teesside. The surrounding area comprises a strong mix of local retailers, community services, and densely populated residential neighbourhoods, supporting consistent local trade and footfall.

Accommodation

The single-storey premises feature a wide glazed frontage, modern fascia signage, and exceptional visibility from multiple approaches, providing excellent exposure for a wide range of businesses. Internally, the accommodation offers flexible open-plan space with substantial frontage and access points, making it suitable for retail, leisure, office, medical, convenience, or service-based uses (subject to the necessary consents). Importantly, the property offers significant asset management and redevelopment potential, having previously been configured as five individual retail units. The layout and frontage lend themselves well to subdivision, creating the opportunity for multiple income-producing units or a mixed-use commercial scheme, subject to planning and configuration requirements.

Rateable Value

Current rateable value (1 April 2026 to present) £8,900. Sourced from VOA.

Tenure

Freehold, title numbers DU97041 DU52733 DU227989 DU73091

EPC

Rating B, full report available on request.

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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