45 Princes Street, Bishop Auckland, County Durham DL14 7BA

Terraced House Property Description: A traditional 3 bedroom terraced house let on a 5 year lease at £11,440 per annum. Situated in a popular and convenient location close to shops and schooling and within walking distance to the town centre. The property recently been refurbishment and benefits from gas central heating, UPVC double glazing and refitted kitchen and bathroom. Let to Mears Group who are a large housing provider, on a 5 year lease from 3/5/2024 at £953.33 pcm / £11,440 per annum. A superb investment opportunity with guaranteed rental income for over 4 years. Ground Floor Hallway, Lounge, Dining Room, Kitchen, Rear Lobby, Shower Room First Floor Landing, Bedroom 1, Bedroom 2, Bedroom 3 Outside Enclosed rear yard. Flood Risk Rivers and Seas - No Risk. Surface Water - Medium. Mobile Phone Coverage O2, EE, Three and Vodafone are available in this location. Satellite and Cable TV Availability BT, Sky and Virgin are available in this location. Broadband (estimated speeds) Standard 18 mbps. Superfast 80 mbps. Ultrafast 1000 mbps. Construction Material Solid brick, as built, no insulation (assumed). Information taken from EPC. Draft Sales Details These sales details are awaiting vendor approval. Tenure: Freehold. Subject to tenancy. Utilities Information Heating Supply: Double Glazing, Gas Central Electric Supply: Mains Supply Water Supply: Mains Supply Sewerage Arrangements: Mains Supply Parking Arrangements On Street Auction Details The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 (and any applicable Home Report for residential Scottish properties). 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.