Terraced House
A mid-terraced house thought suitable as an ideal investment opportunity, with a potential to generate a yield in excess of 30% once let, against the current guide price.
Station Road is located approximately four miles to the south-west of Bishop Auckland town centre and the property is situated to the north of its junction with Front Street. Local shops, schools and bus services are available close by in West Auckland whilst the more extensive facilities of Bishop Auckland are accessible to the north-east and provide a wider range of shops, schools, college, hospital and Bishop Auckland Rail Station.
Reception room, kitchen.
Bedroom, bathroom.
Garden to rear.
Please be advised that property is currently boarded up and the auctioneers have not personally inspected the property. We understand there are no keys available for the property and none will be provided on completion. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
We are selling both the Freehold and Leasehold. See legal pack for more information.
See Legal Pack. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
