This property is a turn-key rental investment comprising four flats located in Bishop Auckland, each with a potential to increase rents in line with current market rates. The flats, ranging from 62 square meters, are situated on the first and second floors and have an energy rating of C. The current rent is £16,400 per annum, with potential to increase to £21,600 or more. The properties are leasehold, with each flat held on a 155-year lease from 2005, leaving 135 years unexpired. The property is conveniently located near local amenities, including shops, schools, and the train station. The guide price is not a guarantee of sale, and each property will be sold subject to a reserve, which is a figure below which the auctioneer cannot sell the property.