Basics
- Category: Bishop Auckland
- Type: Apartments
- Status: Completed
- Bedrooms: 2 Beds
- Gross Yields: 10%
Description
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Description:
Situated at the heart of Bishop Auckland, County Durham Cambridge Court finds itself at the gateway to Weardale, the town is known for its bustling market nature in the Vale of Durham. Standing high above a meander in the River Wear with commanding views of the surrounding countryside. This converted four-story building houses 14 2-bedroom units of 2 variations, exclusive to Leading Property. Each apartment is designed with open-plan living rooms and kitchen areas. All featuring high-specification fitted units and appliances apt to their occupants.
Investment Highlights
- Investment Highlights: The development is tenanted and leased on a 25-year agreement, with an investment starting from £180,000. There is no service charge, and returns are CPI linked, offering a 10% NET yield. Additionally, this investment aids the community and is considered recession-proof. Furthermore, the project is overseen by CBS (Community Benefit Society), which is FCA registered.
Location Highlights
- Location Highlights: Bishop Auckland is a town steeped in history and is filled with an abundance of offerings that cater to various interests. Visitors can enjoy breathtaking walks around the idyllic Auckland Way, explore the stunning views from Auckland Castle, and indulge in a diverse array of shopping options located just a short 5-minute walk from the development. The town also plays host to a variety of exciting events throughout the year, including its renowned Food Festival that draws crowds from far and wide.
Property Highlights
- Property Highlights: Cambridge Court houses 14 exclusive 2 Bedroom apartments, offering 2-size variations. 2 Bed: This property comprises; an entrance hall, lounge, fitted kitchen, fridge freezer, built-in oven, hob and extractor. Two good-sized bedrooms and a modern bathroom.
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