DESCRIPTION:
Freehold semi-detached house. Excellent Location. Currently rented on AST at circa £5,040 per annum. Potential to increase the current rent. Currently producing a gross yield of circa 12.5%.
ACCOMMODATION:
Entrance Hall, Reception Room, Kitchen. Two Bedrooms, Bathroom. Large Rear Garden.
LOCATION:
Peterlee is a vibrant town in County Durham with a population of around 23,000 set amongst a stunning local environment. The town is built on rolling hills overlooking the Durham limestone coast and surrounded by rural farmland. Peterlee is blessed with some outstanding areas of natural beauty including the stunning Castle Eden Dene, the largest area of semi-natural woodland in northeast England.
TENURE:
Freehold.
UNCONDITIONAL LOT:
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price 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 or 42 days following the day of auction (unless otherwise stated in the legal pack).
