Property photos
Business
£4,800,000
(£4,800,000.00/sq. ft)
Retail premises for sale
Cockerton Green, North East England DL31 sq. ft
Local area information
Property location
Nearby amenities
- Holy Family RC Primary School 0.2 miles
- St Mary's Cockerton Church of England Primary School 0.2 miles
- North Road (Darlington) 1.1 miles
- Darlington 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Darlington to find out more about the local area.
Features and description
Company sale that owns and manages a residential development in Darlington and a shopping centre in Consett
The residential development is located at Cockerton Green in Darlington DL3 9EB and comprises the freehold of 38 high end apartments and 5 mews houses, some have been sold off on long leaseholds that pay a ground rent. The company still retains 20 x 2 bedroom apartments and 1 x townhouse.
The residential development generates £182,820 in rental income, excluding management fees and insurance.
The Derwent Centre, Consett, DH5 8SD is a shopping centre with a mix of tenants including Boyes and Bestway chemist plus some independent retailers. The centre has enjoyed high levels of occupancy above 90%.
Rental income from the shopping centre is £259,051 per annum please insurance and service charge.
A full tenant schedule is available upon request.
Total rental income for the company £441,871 per annum
Asking price £4.8million
Our Ref:
The residential development is located at Cockerton Green in Darlington DL3 9EB and comprises the freehold of 38 high end apartments and 5 mews houses, some have been sold off on long leaseholds that pay a ground rent. The company still retains 20 x 2 bedroom apartments and 1 x townhouse.
The residential development generates £182,820 in rental income, excluding management fees and insurance.
The Derwent Centre, Consett, DH5 8SD is a shopping centre with a mix of tenants including Boyes and Bestway chemist plus some independent retailers. The centre has enjoyed high levels of occupancy above 90%.
Rental income from the shopping centre is £259,051 per annum please insurance and service charge.
A full tenant schedule is available upon request.
Total rental income for the company £441,871 per annum
Asking price £4.8million
Our Ref:
More information
Listed by
Parker Barras
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