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Newgate Street, Bishop Auckland... Property for sale
Newgate Street, Bishop Auckland, Durham, DL14 7EQ
£215,000
Newgate Street, Bishop Auckland, Durham, DL14 7EQ
£215,000
Our Summary
- For Sale: via online auction A lucrative mixed-use investment property in the heart of Bishop Auckland
- With a steady, solid yield in place, and room for possible income growth, this property presents an excellent investment opportunity
Description
This lucrative mixed-use investment property in Bishop Auckland presents an excellent income-producing opportunity, currently generating a gross annual income of £26,460. The property comprises a ground-floor retail unit and three residential apartments, all presented in good condition throughout. The shop has a prominent street frontage, attracting foot traffic and ideal for a variety of businesses. The apartments are well-appointed, featuring spacious interiors and modern amenities, and are located close to local amenities, shopping outlets, and transportation links. With a steady yield in place and potential for income growth, this property offers an impressive investment opportunity, making it an attractive option for potential investors.