Property photos
Freehold
£210,000
(£176.17/sq. ft)
Retail premises for sale
15-19, Bondgate, Darlington DL31,192 sq. ft
Local area information
Property location
Nearby amenities
- Corporation Road Community Primary School 0.4 miles
- St Augustine's RC Primary School 0.4 miles
- Darlington 0.6 miles
- North Road (Darlington) 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Retail Investment For Sale
- Town Centre Location
- Freehold
- Full Income Producing Investment
- Reversionary yield 9.83%
The subject property is situated at the corner of Bondgate and Skinnergate a popular retailing pitch within Darlington Town Centre. The property is situated opposite the Tapas bar and Taylors butchers close to the centre of Darlington.
Investment summary
• Let to Up and Running (UK) Limited & Core Club Ltd
• Freehold
• Central Town Centre Location
• Rental income £20,500 pax
• Offers in the region of £210,000 (Two Hundred & Ten Thousand Pounds) exclusive.
• Net initial return to a buyer of 9.6% allowing for standard purchasers’ costs at 1.7% (buyers professional, legal and stamp duty + VAT)
• Reversionary yield 9.83% on fixed uplift on first floor
The premises comprise of a 2-storey end of terrace brick and rendered property under a pitched slate roof. The ground floor shop has return frontage to Bondgate and Skinnergate with well-proportioned sales and rear WC and kitchen. The first floor is accessed from a single door entry in Skinnergate. It Is a separate demise with dedicated, water and electricity.
Price
£210,000 (Two Hundred & Ten Thousand Pounds) exclusive, Subject to Contract reflecting a Net Initial return to a buyer of 9.6% allowing for standard purchasers’ costs at 1.7% (buyers professional, legal and stamp duty + VAT)
Energy performance certificate
The Energy Performance Asset Ratings are assessed as:
Ground Floor – Commissioned
First Floor - D (98).
A full copy of the EPC’s are available for inspection if required.
Accommodation:
Ground Floor Sales: 566.00 sqft
Ground Floor Sales: 141.00 sqft
First Floor Office : 462.00 sqft
Kitchen: 23.00 sqft
Total: 1,192.00 sqft
Investment summary
• Let to Up and Running (UK) Limited & Core Club Ltd
• Freehold
• Central Town Centre Location
• Rental income £20,500 pax
• Offers in the region of £210,000 (Two Hundred & Ten Thousand Pounds) exclusive.
• Net initial return to a buyer of 9.6% allowing for standard purchasers’ costs at 1.7% (buyers professional, legal and stamp duty + VAT)
• Reversionary yield 9.83% on fixed uplift on first floor
The premises comprise of a 2-storey end of terrace brick and rendered property under a pitched slate roof. The ground floor shop has return frontage to Bondgate and Skinnergate with well-proportioned sales and rear WC and kitchen. The first floor is accessed from a single door entry in Skinnergate. It Is a separate demise with dedicated, water and electricity.
Price
£210,000 (Two Hundred & Ten Thousand Pounds) exclusive, Subject to Contract reflecting a Net Initial return to a buyer of 9.6% allowing for standard purchasers’ costs at 1.7% (buyers professional, legal and stamp duty + VAT)
Energy performance certificate
The Energy Performance Asset Ratings are assessed as:
Ground Floor – Commissioned
First Floor - D (98).
A full copy of the EPC’s are available for inspection if required.
Accommodation:
Ground Floor Sales: 566.00 sqft
Ground Floor Sales: 141.00 sqft
First Floor Office : 462.00 sqft
Kitchen: 23.00 sqft
Total: 1,192.00 sqft
More information
Listed by
Connect Property North East
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