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Springwell Buildings, Horden, Peterlee, Durham, SR8 4SD - Image 1
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Springwell Buildings, Horden, Peterlee, Durham, SR8 4SD

North East

£90,000Guide Price

Listed on 02/07/2026

Property details

Bedrooms
N/A
Type
Retail Property (high Street)

Description

This property represents a valuable opportunity in the commercial real estate market, positioned prominently at a busy roadside junction. The building, previously utilized as a William Hill establishment, features a considerable glazed frontage that offers great visibility from multiple directions, attracting high levels of passing traffic. Internally, the space is currently designed as an open-plan area, providing flexibility for various uses such as retail, office, or service-based operations. Notably, there is significant potential for renovation and redevelopment; the property was formerly divided into five individual units, allowing for easy subdivision to maximize rental income or create a mixed-use scheme (pending necessary consents). Its strategic location within an established community ensures consistent footfall and local engagement. This listing is thus ideal for investors seeking to capitalize on its redevelopment possibilities or for those looking to occupy and enhance its existing commercial space.

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Location

Springwell Buildings, Horden, Peterlee, Durham, SR8 4SD
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£340
Based on a loan of £67,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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