(gross yield 12.8%)
OFFICE INVESTMENT WITH RESIDENTIAL DEVELOPMENT POTENTIAL (See note 1)
Located at the junctions with West Crescent in this residential area being only ¼ mile north-west of the town centre with its multiple shopping facilities. In addition, the town is well served by public transport facilities including Darlington Rail Station with its direct services to London, Edinburgh, Glasgow, Newcastle and Cardiff.
Darlington is a well-established market town which lies some 14 miles west of Middlesborough on the A66 and served by the A1(M) (Junction 58).
A detached three storey Office Building planned on ground, first and second floors benefitting from a ground floor reception area and an 8 person passenger lift. In addition, there is onsite parking for approx. 14 cars.
VAT is applicable to this Lot
Note 1: On 17th May 2016, Darlington Borough Council provided prior approval for change of use from Office Use (B1 (a)) to 18 No. apartments on ground and second floors.
Full details and plans available from Auctioneers.
Note 2: 6 Week Completion