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Four-bedroom mixed-use freehold investment
Shildon, DL4 - Get Access
4 bed
Description
An excellent opportunity to acquire a mixed-use freehold property comprising two 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. Located on Church Street in Shildon, this property is situated in an established residential area providing access to local amenities and serving as a base within this part of County Durham.