Catchgate, Catchgate, Stanley, Durham, DH9 8LB

FOR SALE VIA AUCTION: terms and conditions apply.

An exciting development opportunity in the heart of Catchgate, Stanley, offering huge potential for investors, developers, or business owners looking to create something special for the local community.

Formerly operating as The Smith Arms, this substantial property occupies a prominent position and offers versatile accommodation across two floors. The ground floor was previously used as a public house and has unfortunately suffered fire damage, requiring full refurbishment throughout. However, for those with vision and imagination, this presents an excellent opportunity to restore and transform the space into a thriving commercial or mixed-use premises.

To the first floor are multiple rooms which were previously rented out, offering further scope for redevelopment or reinstatement subject to the necessary works and consents. The property has also benefited from a previous extension, creating additional space and flexibility for a variety of future uses.

Subject to the relevant planning permissions, the building could lend itself to numerous possibilities including hospitality, residential conversion, supported accommodation, offices, retail space, community use, or other commercial ventures.

Properties with this level of potential rarely come to market, and early viewing is highly recommended to fully appreciate the scale of opportunity on offer

Location

Accommodation

Tenure

Freehold. Title number DU163101 & DU330368.

EPC

We await a copy of the EPC.

Additional Information

For further information please contact our office directly on , or alternatively via email on commercial. . 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.