ATTENTION INVESTORS - THREE BEDROOM MID TERRACE PROPERTY

This three bedroom mid terrace property in the heart of Shildon is currently tenanted producing a return of £5,400 per annum. A RENT INCREASE HAS BEEN PLACED to start from mid January 2024 and will increase the annual income to £6,000 per annum. Documentation of this is provided in the legal pack. The accommodation comprises in brief, entrance hall, lounge/diner and kitchen to the ground floor with landing, three bedrooms and bathroom/wc located on the second floor. UPVC double glazing and gas central heating throughout. Located on the main high street of Shildon which offers local amenities within walking distance. Large towns of Newton Aycliffe and Bishop Auckland are easily accessible by car or public transport. With such an attractive income this three bed terrace is sure to be popular and we ask you to show your interest early. We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding. Come auction day (17th October), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 28 days later. You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 931060. Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at teesvalley@auctiohouse.co.uk. for any further assistance, please do not hesitate to contact us in the office.

Tenure

See Legal Pack

Ground Floor

Entrance Hall Lounge/Diner - 7.34m x 4.08m(max) Kitchen - 4.60m x 2.41m

First Floor

Landing Bedroom 1 - 3.76m(not into bay) x 3.87m Bedroom 2 - 3.54m x 2.05m Bedroom 3 - 2.83m x 2.45m Bathroom

Viewings

Please contact Auction House North East on 01642 931060 for the viewing schedule

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Durham County Council

Solicitors

HNW Law, Suite 17, Ref: HNW Law, Tel: 01642 050800

Additional Fees

Buyer's Premium - £1800 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.