Property for sale
Features and description
- Tenure: Freehold
- In need of modernisation
- View more: underthehammer.com
For Sale by under the hammer online auction. Tuesday 25th - Tuesday 25th March 2025 - Head over to our website to download the legal pack, register to bid and see more information.
A vacant freehold mixed use property with a potential rental income of £24,000 pa
This vacant freehold mixed-use property offers a fantastic opportunity for renovation and investment. It comprises of a ground floor commercial unit, previously used as a cafe, and two x two bedroom duplex apartments
The ground floor features a spacious café/retail area leading to a commercial kitchen, with internal access to the first duplex apartment.
The first duplex apartment comprises a generously sized lounge, kitchen, and family bathroom on the first floor, with two well-proportioned bedrooms located on the second floor.
The second duplex apartment has its own separate access and includes a lounge, kitchen, and family bathroom on the first floor, with two bedrooms on the second floor.
The property is in need of refurbishment but is surrounded by well-maintained properties, presenting significant potential for value addition or conversion into multiple residential units, subject to planning permission.
Once renovated to a good standard, the property could achieve a rental income of approximately £2,000 per month (£24,000 pa), making it an excellent opportunity for landlords and investors seeking high-yielding returns.
Stanley, is a popular town in County Durham, known for its welcoming community and convenient amenities. The area offers a range of local shops, supermarkets, and eateries, as well as excellent transport links to nearby towns such as Chester-le-Street and Durham City. Surrounded by beautiful countryside, Stanley provides a blend of urban convenience and rural charm, making it an appealing location for families, professionals, and investors alike.
Here's what to do next
- Visit - Our website and view the auction terms.
- View - Book a viewing directly through our website.
- Register - Get registered prior to the auction opening date.
- Legal Pack - Download and view the legal pack to find out all the relevant information.
- Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
- Bidding - Everything is completed online through the website and the intuitive bidding controls.
About this agent
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