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No longer on the market

This property is no longer on the market

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Mixed use

Auction
Mixed use
Added > 14 days

Features and description

  • Freehold part let retail and residential investment
  • Development potential (subject to consents)
  • Town centre location
  • Producing £4,800pa (plus vacant restaurant and vacant flat)
  •  
  • Online Auction on Thursday, 30 March 2023

A two storey mid terraced property of traditional construction beneath a pitched roof. The property is arranged as a ground floor restaurant with rear ancillary accommodation with separate access to the first floor which is arranged as residential accommodation. Both the ground and first floors are in need of complete refurbishment. To the side of the property is a garage, which we understand was created from a void space between the adjacent property with the addition of a part corrugated metal sheet and part plywood and bitumen coating roof.


Location:

Ferryhill lies about 6 miles south of Durham and 14 miles north of Darlington and can be accessed via the A167 with the A688 and A689 providing direct access to the A1(M) just to the east at junctions 60 and 61. National and regional rail services are via nearby Durham and Darlington railway stations.

Parker Terrace forms part of the B6287 in the town centre with the property lying on its west side near the junction with Merrington Road and Church Lane. Nearby occupiers include B&M Bargains, Co-op, Co-operative Funeral Care and Coral.


Online Auction on Thursday, 30 March 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
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BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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