North Road, Darlington

Property for sale

£370,000

  • Key Information:
  • Tenure: Freehold

Key Features

  • Mixed use investment property
  • Shop, warehouse and 4 x flats
  • Prominent position fronting A167

Description

Mixed-use investment property comprising shop, warehouse and 4 flats.

The property fronts North Road (A167) approximately 1 mile north of Darlington town centre amongst occupiers including Morrisons, Aldi, Greggs and Poundland.

Gross annual income £42,940pax (rising to £44,362). A purchase at the asking price demonstrates a net initial yield in excess of 10% and a reversionary yield in excess of 10.5% after assuming standard purchasers costs

Mixed-use investment property comprising shop, warehouse and 4 flats.

The property fronts North Road (A167) approximately 1 mile north of Darlington town centre amongst occupiers including Morrisons, Aldi, Greggs and Poundland.

Gross annual income £42,940pax (rising to £44,362). A purchase at the asking price demonstrates a net initial yield in excess of 10% and a reversionary yield in excess of 10.5% after assuming standard purchasers costs

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Location


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Carvers Commercial

18 St Cuthberts Way, Darlington,
County Durham, DL1 1GB

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