Presented by : Dowen Bishop Auckland : To View, Telephone 01388 607889

£55,000 HOPE STREET, CROOK, COUNTY DURHAM, DL15 DL15 9HS SSTC

2 Bedroom Terraced

<p>***EXCELLENT INVESTMENT OPPORTUNITY BEING SOLD VIA AUCTION*** ***SHOP & FLAT WITH COMBINED RENTAL INCOME OF £875pcm*** ***RESERVATION FEE APPLIES*** <span style="font-family: var(--ov-font-body); font-size: 0.8125rem; letter-spacing: 0.01em; text-align: var(--body-text-align);">We are excited to present a thriving commercial property with a spacious two-bedroom flat above, located in the ever-popular area of Crook. This property represents an excellent investment opportunity, with both the shop and flat currently yielding a combined rental income of £875 per calendar month, which would see a yield of 14.96% for the new owner even taking into account associated costs. The commercial space is well-maintained and ideally situated to attract a steady stream of customers, while the generously sized flat above offers comfortable living accommodations. With its prime location, reliable rental income, and the added convenience of a residential space, this property is a fantastic opportunity for savvy investors looking to expand their portfolio. Viewing a must!</span></p>

Agents Note 5 Auctioneer CommentsThis property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buye

WE CANNOT VERIFY THE CONDITIONS OF ANY SERVICES, FIXTURES, FITTINGS ETC AS NONE WERE CHECKED. ALL MEASUREMENTS APPROXIMATE. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP THE REPAYMENTS ON ANY MORTGAGE OR LOAN SECURED ON IT. These are draft particulars awaiting vendors approval. They are relased on the understanding that the information contained may not be accurate.