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 is a rare opportunity for investors to secure a solid yield and potential for income growth. The property comprises a ground floor retail unit and three residential apartments, all presented in good condition throughout. The retail unit has a prominent street frontage, making it an ideal space for a variety of businesses, while the apartments offer spacious interiors and modern amenities. Located in the heart of Bishop Auckland, the property is close to local amenities, shopping outlets, and excellent transportation links, making it easy for tenants to travel to and from the property. With a current gross annual income of £26,460, this property presents an excellent investment opportunity that should not be missed.