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Commercial Property for sale

Vickers Street, Bishop Auckland, Co. Durham

Sold STC £350,000

Property Description

Key features

  • Prime Location
  • 20 Lock-Up Garages
  • Town Centre Location
  • Ideal Investment Opportunity
  • Garage
  • Workshop Above
  • Suitable For Conversion

Full description

Prime residential development site currently consisting of 20 Lock up garages, 1 workshop with offices above and a modern first floor flat above block of 4 garages. The site extends to approximately 700 sq metres and is more clearly shown delineated in red on the appended plan.

The flat and garage block is of brick construction under a pitched tile roof. The workshop/store on the end of Vickers Street is of brick construction under pitched tile roof with external access stairway to first floor. The garages are of brick construction under monopitch corrugated sheet roof with timber swinging doors.

The majority of the garages are let with rents in the order of £5.00 to £7.00 per week and with recent lets at £500.00 per annum.

There is a central tarmac courtyard/turning area and the whole site in fenced off with timber fence and steel gates.


Garages Flat and Land at Vickers Street

Prime residential development site currently consisting of 20 Lock up garages, 1 workshop with offices above and a modern first floor flat above block of 4 garages. The site extends to approximately 700 sq metres and is more clearly shown delineated in red on the appended plan.

The flat and garage block is of brick construction under a pitched tile roof. The workshop/store on the end of Vickers Street is of brick construction under pitched tile roof with external access stairway to first floor. The garages are of brick construction under monopitch corrugated sheet roof with timber swinging doors.

The majority of the garages are let with rents in the order of £5.00 to £7.00 per week and with recent lets at £500.00 per annum.

There is a central tarmac courtyard/turning area and the whole site in fenced off with timber fence and steel gates.

This residential development site presents a rare a unique opportunity for a small to medium sized developer to construct two modern apartment blocks and an end terraced house subject to obtaining appropriate planning consents. Alternatively the site could be purchased by an investor to obtain a rental income from the garages and flat subject to an element of refurbishment.

The site is situated centrally in Bishop Auckland and is within 100 metres of the two main supermarkets.
Rateable Value

The rateable value of the workshop/garage is £690 and the rateable value of the first floor is £460.

Council Tax

The flat above the garages is in Council Tax Band A

Viewing

By appointment with the selling agents.

Map & Street View

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