By james art A former barber’s shop in County Durham is to be auctioned for just £10,000.
Located in Granville Terrace, Wheatley Hill, the property is being offered for sale by Dowen Estate Agents and represents an “exciting investment opportunity”.
Now an empty space, estate agents say the building is ready for transformation and have highlighted that the property could bring in a rental income of £350 a month once refurbished.
The property is in need of significant work but offers a ‘blank canvas’ for developers or first time investors looking to undertake a renovation project.
The interior retains some original features from its time as a barbershop that could be creatively incorporated into the final design.
Apart from being commercial premises, the property has the potential to be repurposed for various purposes.
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To the rear of the building there is a hand basin in a back corridor, a remnant of its former life.
This space can be converted into a utility or storage, depending on the buyer’s vision.
The property also has a rear yard, adding further value and flexibility.
This outdoor space can be used for storage, as a small garden or simply as an outdoor retreat.
One of the main attractions of the property is that it is being sold with no onward chain.
This allows for a quick and easy purchase, making it even more attractive for those who want to start their project without delay.
Wheatley Hill is a growing area with growing rental demand, making this property an attractive purchase for investors looking to tap into the local market.
Whether you are looking for a project with commercial potential or a small property to renovate and rent, Granville Terrace offers an abundance of opportunities.
The property is being sold by auction so it is not expected to be on the market for long.