Cockton Hill Road, Bishop Auckland, DL14

£125,000

Guide price

  • Bedrooms: 2
Asquith House is a mixed use property situated in an enviable position on Cockton Hill Road. Having previously been a bed and breakfast, as well as a Cafe (It still retains an A3 License), it currently is made up of an office suite on the ground floor and a two bedroom flat on the first floor. Alternatively, it could be converted back to a single dwelling subject to planning permission being granted.

The ground floor office suite comprises of a front open office with double glazing and feature bay window. It is heated with wall mounted electric heaters. There is a rear office and store room in addition to a kitchenette and wc. There is also a store cupboard under the stairs, and an enclosed rear yard.

The first floor is accessed via a ground floor entrance hallway with a solid front door and attractive tiled floor. The area is spacious and airy and would be an ideal place to store a cycle or similar. On the first floor itself there are two bedrooms, both of which have sinks, a living room at the front of the property, a bathroom and a kitchen. The property is warmed by a gas combi boiler and radiators.

The first floor property is let to a long term tenant currently paying £325 per calendar month. This tenant has indicated that they would like to stay on if possible, however would also vacate if buyers sought vacant possession.

The ground floor offices were tenanted paying £430 per calendar month and will be vacant on possession. The office has a rateable value of £3200.

When fully let at the current and previous levels, this would represent a gross return on investment of 7.2%.

Cockton Hill Road is located in the centre of Bishop Auckland town and is made up of a mixture of small businesses and residential properties. It is also close to the Retail park at Tindale which has a number of larger shops and facilities.

Marketed by Arrange viewing 01388 213705

J W Wood - Bishop Auckland

128 Newgate Street, Bishop Auckland

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