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Auction
Freehold

£77,000

4 bed terraced house for sale

Newgate Street, Bishop Auckland, County Durham DL14
4 beds
3 baths
1 reception
Email agent

£77,000

4 bed terraced house for sale
Newgate Street, Bishop Auckland, County Durham DL14

    • 4 beds

    • 3 baths

    • 1 reception

Auction
Freehold

About this property

  • Excellent investment opportunity

  • Being sold via auction

  • Excellent local amenities

  • Reservation fee applies

  • High street location

  • EPC rating to follow

***excellent investment opportunity being sold via auction*** ***shop with ground floor flat along with upstairs flat plus 2 individual rooms upsatirs (one let & one available) with communal kitchen and shower room*** ***reservation fee applies*** An exciting investment opportunity located on Newgate Street in the heart of Bishop Auckland. This property comprises a ground-floor commercial unit along with two residential flats and two individual rooms with communal kitchen and shower room. The shop is currently let, as is one of the rooms, generating a combined rental income of £825 per calendar month. With three additional rental opportunities available, the potential full occupancy income is approximately £2,025pcm, offering an excellent return on investment. Perfect for investors looking to expand their portfolio, this property enjoys a prime town centre location with strong rental demand. Early viewing is highly recommended to fully appreciate the potential on offer! To the ground floor there is the shop front which has access to its own bathroom, there is then a self-contained ground floor flat plus additional toilet to the rear whilst to the first floor there is a room with En Suite plus 2 further rooms along with communal Kitchen and Shower Room. Externally there is a yard area plus parking.

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