38 Church Street, Shildon, County Durham, DL4 1DX

For sale by Online Auction - 23rd of September 2026.

Mixed-Use Freehold Investment Opportunity

Description
An excellent opportunity to acquire a mixed-use freehold property comprising two x two-bedroom flats and a ground-floor commercial unit.

Both residential flats are currently tenanted, producing a combined rental income of £945 per calendar month, providing an immediate income stream for the new owner.

The ground-floor commercial premises were previously occupied by Costa Coffee and are currently vacant. The unit requires only minimal refurbishment and offers an excellent opportunity for an investor to carry out the necessary works and secure a new commercial tenant.

The property therefore offers potential to enhance the existing rental income through the letting of the vacant commercial unit, making this an attractive proposition for investors seeking both residential and commercial income.

Tenure: Freehold
Residential Accommodation: 2 x Two-Bedroom Flats
Current Residential Income: £945 PCM
Commercial Unit: Former Costa Coffee premises currently vacant
Auction: Sold by unconditional auction, subject to the auction terms and conditions.

Local Area: Located on Church Street in Shildon, this property is situated in an established residential area. The location provides access to local amenities and serves as a base within this part of County Durham, appealing to those seeking proximity to local services.

IMPORTANT NOTICE UNCONDITIONAL AUCTION SALE: This property is offered by way of Unconditional Auction. The successful bidder is required to pay a non-refundable deposit (typically 10% of the purchase price) and a Buyer's Premium immediately upon the fall of the hammer. Exchange of contracts takes place on the day of the auction and completion is required within the specified timeframe (typically 28 days). Town & Country Property Auctions North East acts as agent for the vendor.

Tenure
Freehold

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.