Property photos
Just added
Guide price
£85,000
Industrial for sale
Riverbank Trading Estate, Cleveland Street, Darlington DL1Local area information
Property location
Nearby amenities
- Gurney Pease Academy 0.3 miles
- Northwood Primary School 0.3 miles
- North Road (Darlington) 0.3 miles
- Darlington 1 mile
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
- For Sale By Auction
- Prominent Corner Site
- Investment Opportunity Income 7500 per annum
- Starting Bids 85,000
- 190 sq metres / 2046 sq ft Industrial Unit
- EPC Rated E
Summary
For sale via secure sale online bidding - terms and conditions apply.
Detached light industrial/ trade premises of traditional brick construction under a flat roof incorporating a steel framed lean to extension at the rear.
Investment opportunity with the current income totalling 650 per calendar month.
The income is generated from the 12 month lease to the current tenant in the unit who is paying 450 per calendar month. The advertising board is also on a 12 month lease is generating a income of 200 per calendar month.
It can be noted that the rental income for the retail unit is well below market value and therefore presents an opportunity for future rent increases.
Located approximately 1.5 miles north of Darlington town centre the premises adjoin Forge Way within Cleveland Trading Estate. Adjacent to North Road a 167 and providing easy access to the A1 (M) and A66
Darlington is approximately 14 miles west of Middlesbrough and 20 miles south of Durham
Please note we have not insoected this property.
Location
Located approximately 1.5 miles north of Darlington town centre the premises adjoin Forge Way within Cleveland Trading Estate. Adjacent to North Road a 167 and providing easy access to the A1 (M) and A66
Darlington is approximately 14 miles west of Middlesbrough and 20 miles south of Durham
Accommodation
Detached light industrial/ trade premises of traditional brick construction under a flat roof incorporating a steel framed lean to extension at the rear.
Tenure
Freehold. Title number DU368369
EPC
Available upon request ( Rating E )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
Detached light industrial/ trade premises of traditional brick construction under a flat roof incorporating a steel framed lean to extension at the rear.
Investment opportunity with the current income totalling 650 per calendar month.
The income is generated from the 12 month lease to the current tenant in the unit who is paying 450 per calendar month. The advertising board is also on a 12 month lease is generating a income of 200 per calendar month.
It can be noted that the rental income for the retail unit is well below market value and therefore presents an opportunity for future rent increases.
Located approximately 1.5 miles north of Darlington town centre the premises adjoin Forge Way within Cleveland Trading Estate. Adjacent to North Road a 167 and providing easy access to the A1 (M) and A66
Darlington is approximately 14 miles west of Middlesbrough and 20 miles south of Durham
Please note we have not insoected this property.
Location
Located approximately 1.5 miles north of Darlington town centre the premises adjoin Forge Way within Cleveland Trading Estate. Adjacent to North Road a 167 and providing easy access to the A1 (M) and A66
Darlington is approximately 14 miles west of Middlesbrough and 20 miles south of Durham
Accommodation
Detached light industrial/ trade premises of traditional brick construction under a flat roof incorporating a steel framed lean to extension at the rear.
Tenure
Freehold. Title number DU368369
EPC
Available upon request ( Rating E )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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