Newgate Street, Bishop Auckland... Property for sale

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Newgate Street, Bishop Auckland... Property for sale

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 offers an excellent income-producing opportunity, generating a gross annual income of £26,460. The property comprises a ground-floor retail unit with a prominent street frontage, ideal for a variety of businesses, and three spacious residential apartments. The apartments feature modern amenities and have been designed for comfortable living. The property's location is ideal, with proximity to local amenities, shopping outlets, and excellent transportation links. With a steady yield in place and potential for income growth, this property presents an excellent investment opportunity. Investors are advised not to delay in viewing this portfolio, as properties of this caliber are rarely available on the market.