Milton Street, Crook, DL15
£275,000

Guide price

Set on a 1.2-acre site, towards the northern part of Crook (5 miles from Bishop Auckland and 9 miles from Durham City), this site and buildings would be suited to a wide variety of potential uses, however, it is being sold as an investment, with the current tenancies un-affected. It has great potential to be developed (subject to the necessary permissions).

There are 4 tenants on the site, (1 residential and 3 commercial), generating an annual income of £16,200.

The main building, (which measures 9.22m wide by 11.93m deep) was previously a coach garage, workshop and MOT testing station. However, overtime, it has been sub-divided into a number of smaller rental units.

In addition to this, there is also a 2-storey brick/rendered residential unit, housing a 2 bedroom upstairs flat and a 1-bedroom ground floor flat.

One longstanding tenant has erected a building and pays annual ground rent, (this building is not included in the sale).

The surrounding area is predominantly residential, with some commercial premises close by. It is also worth noting , previous planning permission has been granted to build 23 houses on the land adjacent to the site, therefore there may be a possibility of residential planning permission being granted for this site in the future.

The site has all services connected, including 3 phase electricity, water and drainage.

The site is a short walk to the busy market town of Crook.'

Marketed by 01388 213705

J W Wood - Bishop Auckland

128 Newgate Street, Bishop Auckland

See all properties from this agent

Send me homes like this by email

This field is required
Please enter a valid email address