Summary - 221 NEWGATE STREET BISHOP AUCKLAND DL14 7EL
2 bed 1 bath Commercial Property
**Standout Features:**
- Mixed-use property: retail unit and self-contained residential flat
- Prime location on Newgate Street in Bishop Auckland with high foot traffic
- Total size of 2,200 sq ft with high ceilings and traditional Victorian facade
- Retail unit currently generating £650/month; residential flat at £400/month
- Excellent mobile signal and fast broadband speeds
- Affordable council tax and opportunities for future renovations
**Potential Concerns:**
- High crime rate in the area
- Property condition requires maintenance; potential for structural improvements
This exceptional mixed-use property on Newgate Street in Bishop Auckland presents a remarkable investment opportunity. Spanning 2,200 sq ft, it includes a vibrant retail space that achieves £650 rental income per month alongside a self-contained residential flat generating £400 per month. With its prime location amidst a bustling commercial environment, residents and customers alike have easy access to popular cafes, shops, and local attractions like Auckland Castle, ensuring consistent foot traffic and potential future growth.
While the property does present maintenance needs and is situated in a high-crime area, it offers significant potential for renovation and increased value. Comprising a spacious shop floor with a kitchen and bathroom, along with a basement for storage, this property is ideal for first-time buyers, investors looking to tap into the local market, or families seeking a comfortable living space above a business in a thriving community. Versatile in nature, the property invites imagination for further development and customization to fit your vision. Act quickly, as opportunities like this in such a sought-after location are rare!
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