Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A

Key Features: • In need of modernisation • View more: underthehammer.com

Location: • Nearest Station: Chester-le-Street Station • Distance to Station: 4.9 miles

Agent Information: • Address: 61 Charlotte Street, St Pauls Square, Birmingham, B3 1PX

Full Description: For Sale by under the hammer online auction. Tuesday 25th - Tuesday 25th March 2025 - Head over to our website to download the legal pack, register to bid and see more information.A vacant freehold mixed use property with a potential rental income of £24,000 pa

This vacant freehold mixed-use property offers a fantastic opportunity for renovation and investment. It comprises of a ground floor commercial unit, previously used as a cafe, and two x two bedroom duplex apartments 

The ground floor features a spacious café/retail area leading to a commercial kitchen, with internal access to the first duplex apartment. The first duplex apartment comprises a generously sized lounge, kitchen, and family bathroom on the first floor, with two well-proportioned bedrooms located on the second floor. The second duplex apartment has its own separate access and includes a lounge, kitchen, and family bathroom on the first floor, with two bedrooms on the second floor.

The property is in need of refurbishment but is surrounded by well-maintained properties, presenting significant potential for value addition or conversion into multiple residential units, subject to planning permission. Once renovated to a good standard, the property could achieve a rental income of approximately £2,000 per month (£24,000 pa), making it an excellent opportunity for landlords and investors seeking high-yielding returns.

Stanley, is a popular town in County Durham, known for its welcoming community and convenient amenities. The area offers a range of local shops, supermarkets, and eateries, as well as excellent transport links to nearby towns such as Chester-le-Street and Durham City. Surrounded by beautiful countryside, Stanley provides a blend of urban convenience and rural charm, making it an appealing location for families, professionals, and investors alike. Here's what to do nextVisit - Our website and view the auction terms.View - Book a viewing directly through our website.Register - Get registered prior to the auction opening date.Legal Pack - Download and view the legal pack to find out all the relevant information.Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.Bidding - Everything is completed online through the website and the intuitive bidding controls.If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our websiteBrochuresRegister to bidEnergy Performance CertificatesEPC 1