Summary - House of Smudge House of Smudge North Bondgate, Bishop Auckland DL14 7PG
2 bed 1 bath Commercial Property
Freehold mixed-use investment with tenant in situ and two-bedroom flat above.
Freehold three-storey Victorian mixed-use building
A three-storey Victorian building in Bishop Auckland offered freehold with an occupied ground-floor retail unit and a self-contained two-bedroom flat above. The property sits on Fore Bondgate in the town centre, providing strong pedestrian exposure and proximity to shops, eateries, transport links and visitor attractions such as Auckland Castle and Kynren.
This is primarily an investment proposition: immediate rental income from the ground-floor tenant (tenant details available on request) plus short‑term holiday‑let or long‑let potential for the two-bedroom apartment. The flat’s high ceilings and bay windows retain period character that appeals to holiday makers and renters seeking town-centre accommodation.
Be clear on the material drawbacks: the area is classified as deprived with very high recorded crime rates, and broadband speeds are reported as slow. The building may require some maintenance or cosmetic updating to maximise rental value and holiday‑let appeal. Buyers should factor in potential refurbishment costs and check full tenancy documentation and service arrangements.
For investors seeking a freehold mixed-use asset in a busy market town, this property offers immediate income and scope to increase yield through managed refurbishment and active leisure/holiday marketing. Its location on a main route near public transport and retail parks supports long-term rental demand despite local socio-economic challenges.
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