Summary - Newgate Street, Bishop Auckland, Durham, DL14 7EQ DL14 7EQ
1 bed 1 bath Not Specified
Freehold shop plus three apartments with rear parking and immediate income.
Gross annual income £26,460
A compact, income-producing mixed-use property in Bishop Auckland, currently generating a gross annual income of £26,460. The building comprises a ground-floor retail unit with prominent street frontage and three self-contained upper-floor apartments, all described as being in good condition.
This freehold lot includes rear off-street parking for up to four cars and is offered for sale via online auction—a straightforward purchase route for experienced investors. The location benefits from strong footfall and many local amenities within walking distance, plus good mobile signal and no flood risk.
Investors should weigh clear positives against material local factors. The area is classified as deprived with very high recorded crime rates, and the wider locality is marked as ‘challenged transitionaries’. Broadband speeds are average. The property’s performance and lettability may depend on rent strategy, tenant mix, and any local market initiatives to address area deprivation.
Overall, this is a hands-on investment with immediate income and room for active management or modest value-add. The freehold, mixed-use layout and parking give flexibility for rental strategy or future repositioning, but purchasers should factor in location-specific risks and the auction sale process when bidding.
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