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120-122 High Northgate

Shop for sale

£160,000 1,100 sq ft

Carver Commercial
View the performance or update the listing in CoStar
Contact name

Julie Wallin - Carver Commercial

Full address
120-122 High Northgate, Darlington DL1 1UR – Darlington
Property owner
Darlington Borough Council
Property type
Shop for sale
Asking price
£160,000
Available space range
There is 1 space available. This measures 1,100 sq ft.
Brochure
Download the brochure

Sale details

Sale unit 3701095 Available

1,100 sq ft, £145.45 per sq ft

Unit Sale unit 3701095
Address 120-122 High Northgate, Darlington, Co Durham, DL1 1UR, GB
Size 1,100 sq ft
Price £160,000
Price per unit £145.45 per sq ft
Unit Sale unit 3701095
Address 120-122 High Northgate, Darlington, Co Durham, DL1 1UR, GB
Size 1,100 sq ft
Price £160,000
Price per unit £145.45 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 5.33%
Financial type Actual
Financial year 2017
Net operating income £8,529

Sale notes

  • Tenancies the ground floor/ lower ground floor is owner occupied by our client.
  • The flats are occupied by way of standard assured shorthold tenancies.
  • Gross rents received from flats:- £8,592 per annum terms the property is available subject to the existing assured shorthold tenancies.
  • The ground floor is available with vacant possession or by way of a lease back to our client on fri terms for 12 months at £9,000pax.
  • Potential rents:- £17,592 per annum, exclusive.
  • Premises two storey mid terraced property of traditional brick construction with attractive window frontage under pitched tiled roof.
  • The property is arranged to provide ground floor and basement office/retail unit with two modern apartments on the first floor.
  • The ground floor is predominantly open plan with sales area, offices, kitchen and wc.
  • The apartments are one and two bedroom comprising open plan living area with modern kitchen and bathroom.
  • Externally there is a sizable yard to the rear with vehicular access for parking.
  • Development potential the ground floor and lower ground floor may be suitable for a variety of re-development opportunities, particularly residential conversion, subject to the requisite statutory consents.

Property description

Building subtype
Storefront
Number of storeys
1
Rentable building area
1,100 sq ft
Year built
1913

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Darlington.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Carver Commercial. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Carver Commercial for full details and further information.