Mixed Use

Asquith House is a mixed use property situated in an enviable position on Cockton Hill Road. Having previously been a bed and breakfast, as well as a Cafe (It still retains an A3 License), it currently is made up of an office suite on the ground floor and a two bedroom flat on the first floor. Alternatively, it could be converted back to a single dwelling subject to planning permission being granted.

The ground floor office suite comprises of a front open office with double glazing and feature bay window. It is heated with wall mounted electric heaters. There is a rear office and store room in addition to a kitchenette and wc. There is also a store cupboard under the stairs, and an enclosed rear yard.

The first floor is accessed via a ground floor entrance hallway with a solid front door and attractive tiled floor. The area is spacious and airy and would be an ideal place to store a cycle or similar. On the first floor itself there are two bedrooms, both of which have sinks, a living room at the front of the property, a bathroom and a kitchen. The property is warmed by a gas combi boiler and radiators.

The first floor property is let to a long term tenant currently paying £325 per calendar month. This tenant has indicated that they would like to stay on if possible, however would also vacate if buyers sought vacant possession.

The ground floor offices were tenanted paying £430 per calendar month and will be vacant on possession. The office has a rateable value of £3200.

Cockton Hill Road is located in the centre of Bishop Auckland town and is made up of a mixture of small businesses and residential properties. It is also close to the Retail park at Tindale which has a number of larger shops and facilities.

Property details provided by J W Wood
EPC rating: D E
Council Tax band: A
Tenure : Freehold

For Sale By Auction www.agentspropertyauction LIVE ONLINE AUCTION 29th JUNE 2023 OPTION 1

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by JWW. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.