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Property ID: 214581549
Offers Over
£143,000
Location
Cockton Hill Road, Bishop Auckland
Size
-
Tenure
Freehold
Type of property
Commercial Unit
Current Yield
5.5%
Monthly Income
£650
Property Information

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.


Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£650
Cashflow p/m
650
Current Yield
null%
Based on potential rent of
£1,000
Cashflow p/m
1000
Potential Yield
null%
Monthly Income
£650 pcm
Potential Rent
£1000 pcm
Length of Tenancy
2 years+
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown
Not available for this property
Not available for this property
Not available for this property
0
Running Costs
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown