Property photos
Freehold
Offers in region of
£435,000
(£98.35/sq. ft)
Property for sale
North Road, Darlington DL14,423 sq. ft
Local area information
Property location
Nearby amenities
- North Road (Darlington) 0.1 miles
- Northwood Primary School 0.2 miles
- Corporation Road Community Primary School 0.4 miles
- Darlington 1.2 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
- Freehold
- Mixed use investment property
- Shop, warehouse and 4 x flats
- Prominent position fronting A167
- Niy 9.46%
- Reversionary yield 9.77% - with an opportunity to increase via renewal of the lease with the tanning salon
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 of 9.46% and a reversionary yield of 9.77% after assuming standard purchasers costs at 4.4%
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 of 9.46% and a reversionary yield of 9.77% after assuming standard purchasers costs at 4.4%
More information
Listed by
Carver Commercial A3 Nick & Gordon carver res on A1
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