Station Road, Billingham, TS23
- PROPERTY TYPE
Retail Property (high street)
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Energy Efficiency Rating : F
- 2 Beds
- 1 Reception
- 1 Bathroom
- Gas Central Heating
- Flat
- 1st Floor
Description
The Morrisons Daily convenience store occupies the ground floor and generates an annual rental income of £15,000. Above, the two residential flats together produce approximately £9,500 per annum, bringing the total income to around £24,500 per year. This well-maintained property offers a strong return and benefits from a high-visibility location with consistent footfall, enhancing its long-term rental appeal.
This is an ideal purchase for investors seeking a hassle-free, income-generating asset.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Apartment 1 (55A, 1st Floor)
No central heating, apartment is electric only.
Kitchen
5.15 x 1.81
Reception Room
3.05 x 1.96
Bedroom 1
3.29 x 4.15
Bedroom 2
3.14 x 2.02
Bathroom
2.75 x 1.70
Apartment 2 (57, 1st Floor)
Reception Room
3.05 x 1.96
Bedroom 1
3.53 x 4.20
Bedroom 2
3.24 x 3.97
Kitchen
5.15 x 1.81
Bathroom
1.98 x 2.73
Commercial Unit
Measurments to be Obtained
Disclaimer
Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be (truncated)
Brochures
ParticularsEnergy Performance Certificates
EPC Rating GraphStation Road, Billingham, TS23
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Billingham Station0.9 miles
- Stockton Station2.1 miles
- Thornaby Station2.6 miles
Notes
Disclaimer - Property reference EAS250022. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Holbrook & Co, Seaham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Holbrook & Co, Seaham on 0191 607 0206.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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