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£130,000

Fore Bondgate, Bishop Auckland

  • 3 beds
Flat

£130,000

  • 3 beds
Flat
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Estimate monthly mortgage payment:

£593 per month

Minimum deposit amount:

£6,500
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Full planning has been approved for developing this four storey end terrace commercial premises into three apartments perfect for holiday let or investment rentals. The ground floor retail space has a tenant in situ, details of which are available upon request. Pleasantly positioned on Fore Bondgate a prominent location within Bishop Auckland's busy town centre which has a variety of popular businesses, banks, bars/restaurants, local stores, cafes/food outlets, butchers, bakery's, retail shops as well as salons/barbers. The town has had great investments at Auckland Castle, its gardens, the Spanish Art Gallery, Faith Museum as well as the live action historic show Kynren which attracts visitors in the thousands. Further facilities are located just a short distance away in Tindale's Retail Park including popular high street stores such as M&S , Next and TK Maxx.
Located just off the A689, close to the train station and on a main bus route through the town which leads to the Bus Station in Bishop Auckland and connects to further bus services, allowing for access to Durham/Newcastle as well as to neighbouring towns and villages.
The building briefly comprises; a 35sqm ground floor retail unit with large shop frontage and access to the front. The remaining three storeys are two flats and storage currently. As a development opportunity each storey above the retail space has been approved for conversion to apartments.
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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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