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Lot 38
Forsyth House, 20 Woodland Road, Darlington, County Durham DL3 7PL

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(gross yield 12.8%)
OFFICE INVESTMENT WITH RESIDENTIAL DEVELOPMENT POTENTIAL (See note 1)

SITUATION

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).

PROPERTY

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

FREEHOLD

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.

TENANCIES & ACCOMMODATION

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.