An exciting opportunity to acquire a substantial former public house, occupying a prominent position within the heart of Shildon. Formerly known as The Three Tuns.
This characterful property offers immense potential for redevelopment, restoration or commercial investment, subject to the necessary planning permissions and building regulations.
Having remained vacant for a number of years, the property presents a blank canvas for developers, investors and entrepreneurs looking to create something truly special. With its generous footprint, traditional features and highly visible location, the building lends itself to a variety of potential uses. The former public house occupies the ground floor, whilst the upper floor was previously utilised as residential accommodation, offering the possibility to restore or reconfigure the existing layout to suit individual requirements.
Subject to obtaining the appropriate planning consents, prospective purchasers may wish to explore opportunities for conversion into residential apartments, mixed-use commercial and residential accommodation, or the reinstatement of hospitality or retail premises. The flexibility of the building, together with its substantial size, creates an exciting prospect for those seeking a rewarding development project.
Situated close to Shildon town centre, the property enjoys convenient access to a range of local amenities, including shops, supermarkets, cafés and everyday services. The area is well served by local transport links, with Shildon Railway Station providing connections to the wider rail network, whilst the nearby A6072 and A1(M) offer excellent road links to Bishop Auckland, Darlington and Durham.
Externally, the property benefits from valuable outdoor space, further enhancing its redevelopment potential and providing scope for private gardens, communal amenity areas or additional parking, subject to the relevant approvals.
Offering an exceptional opportunity to breathe new life into a landmark building with local history, this substantial former public house is perfectly suited to developers, investors and business owners alike. With significant scope for refurbishment and redevelopment, together with its prominent location and versatile accommodation, early viewing is strongly recommended to fully appreciate the scale of the opportunity on offer.
AUCTION TERMS
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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