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2 bedroom 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 property is a mixed-use investment opportunity located on Fore Bondgate, a bustling street in the historic town center. The ground floor is occupied by a long-term tenant selling clothes, while the first and second floors feature a two-bedroom flat let on an assured shorthold tenancy. The combined annual rent of £8,300 generates a gross return on investment. The property is situated in a pedestrian-friendly area with a high footfall, surrounded by independent traders and historic shops. The town is undergoing redevelopment, with plans to convert nearby buildings into a large hotel, which is expected to attract more visitors and boost the local economy. The property is a freehold with a council tax band of A and a rateable value of £3,300 per annum for the shop.