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Springwell Buildings 1-4 Blackhills Rd 2,573 SF Retail Building Peterlee SR8 4SB $120,159 ($46.70/SF)
Investment Highlights
- Prominent corner position with excellent visibility
- Suitable for a wide range of uses (retail, office, leisure, medical – STP)
- Located within strong residential catchment area
- Extensive glazed frontage with signage opportunities
- Freehold asset with redevelopment and asset management upside
- Good connectivity via A19 to Sunderland, Newcastle, and Teesside
Executive Summary
A prominent freehold corner retail property located at Springwell Buildings, Horden, offering strong roadside visibility and consistent footfall. The asset presents an attractive opportunity for investors, developers, or owner-occupiers, with significant asset management potential. Previously configured as five retail units, the property lends itself to subdivision or redevelopment into a multi-income commercial scheme (subject to planning). Situated in an established mixed-use area with strong residential catchment and easy access to the A19, the property benefits from regular passing traffic and long-term commercial viability.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,573 SF
Building Class
C
Year Built
1908
Price
$120,159
Price Per SF
$46.70
Tenancy
Single
Building Height
1 Story
Building FAR
0.88
Lot Size
0.07 AC
Frontage
86’ on Blackhills Road
Amenities
- Corner Lot
1 1
Nearby Major Retailers
1 of 5
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Springwell Buildings | 1-4 Blackhills Rd
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