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Fore Bondgate, Bishop Auckland... 2 bed terraced house for sale
Fore Bondgate, Bishop Auckland, County Durham, DL14
£61,000
Fore Bondgate, Bishop Auckland, County Durham, DL14
£61,000
Our Summary
- For Sale By Online Auction30th June 2025 - 10 Am Start - Bidding opens 24 Hours Prior OPTION ONE – On the fall of the electronic gavel the buyer pays a 10% deposit to The Agents Property Auction Limited subject to a minimum of £3,000
- Where sales are agreed prior or post auction and The Agents Property Auction Limited are in possession of a legal pack, exchange occurs on the buyer signing the Auction Contract, payment of the deposit and The Agents Property Auction Limited completing their customer due diligence
- An Ideal Investment opportunity in this mixed use property
- The area has benefitted from investment of late, and should see further improvements from the Redevelopment of the market place by the Auckland Project who intend to convert the empty buildings next to the town hall into a large Hotel providing accommodation for vistors to the town
- For Sale By online auction
- Mixed Use investment opportunity
Description
This mixed-use property in Fore Bondgate, a historic street with good foot traffic, is an ideal investment opportunity. The ground floor is occupied by a long-term tenant selling clothes, while the first and second floors are a two-bedroom flat let on an assured shorthold tenancy, generating a combined rent of £8,300 per annum. The property is freehold, with a council tax band of A and a rateable value of £3,300 per annum for the shop. The area has seen investment in recent years and is set to benefit from further improvements with the redevelopment of the market place by the Auckland Project, which will convert empty buildings into a large hotel. The property is being sold by online auction, with a 10% deposit required upon completion, and the buyer will have 28 days to complete the purchase after exchange.