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Darlington - Investment Property For Sale

Darlington, Durham
Asking Price:
£149,995 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

5 Minutes from Town Centre
A1 Trading Licence
Would Suit A Variety Of Uses
Property in Good Condition
Rental Option Available
EPC - C

REF 5643 – Freehold Investment Property

Blacks Brokers are proud to bring to the market this freehold investment property located in the much sought after area of Darlington, County Durham.

INTRODUCTION

107-109 Parkgate is a large, double fronted, two storey property positioned within a busy parade of shops. The building has been let out since 1992 and was previously used by a bridal company. The building became vacant in August 2017.

LOCATION

Darlington is a large market town in County Durham. The area is densely populated and popular with shoppers, visitors and other businesses. Parkgate is a busy main road positioned close to the bustling town centre, shopping centres and the Darlington Civic Theatre. Parking is available close by and the property lies close to Darlington Train Station. This area offers much passing traffic in addition to a large residential community close by.

REASON FOR SALE

The property is only being offered for sale due to other business commitments.

BUILDING LAYOUT AND DESIGN

This two storey property is spacious and very well presented. The double frontage is fully glazed with space for branding and signage to be displayed. Inside, the ground floor is made up of two main retail areas, a private office, kitchen and toilet. This retail space could suit a variety of businesses.
On the first floor is a dance room with suspended flooring, toilet, shower room and two additional storerooms. This area has been sound proofed. Again, the space could be used for a variety of business needs. To the rear of the property is a separate outbuilding – currently used for storage.

SUMMARY

This investment proposition offers an array of opportunities for a new owner. The space could be converted into one or more business areas with potential for more than one rental opportunity or use by the new owner, if required. This space has the potential market rental income of around £12,000 per annum. Early viewings are strongly advised and are welcomed by appointment only.

Property information

Property:

Freehold

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