This is a commercial unit located in Bishop Auckland with a tenant currently situated that is currently generating a steady, rewarding rental income for the current landlord.
For investors looking for a rewarding investment, this is a brilliant opportunity!
The property features a large central area for primary business operations, a kitchen, and a bathroom. It could be converted back into a large 3-bedroom home and includes a spacious office spread over two floors.
Investment details
It currently produces an annual gross income of £7,800 which the new owner could increase to a market rate of £12,000. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.
For greater details on this property's investment potential, please see the Let Property Pack linked below.
If you are interested, please call us.
Let Property Sales is committed to facilitating a smooth transaction process and allowing for maximum commitment to the sale from both parties, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.
Tenancy Checks
Tenancy Agreement
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Proof of Rental Income
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Length of Tenancy
Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.
Tenant Means of Funding:
Self Funded
Length of Tenancy information has been provided by the seller as verbal and written confirmation.
Property Checks
Property Tenure
Verified as Leasehold with 170 years on lease
Property Tenure documentation has been provided to Let Property and has been Verified.
EICR
EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Gas Safety
Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Council Tax Band
Council Tax Band: A
Street View not available
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Appreciation
Charge
Indicated