Lot 166
    Mixed Use
    124 - 126 Parkgate
    Darlington, County Durham, DL1 1RX
    Please refer to auctioneer for more information
     
    Number 1
    A Commercial and Residential Investment Comprising a Ground Floor Double Fronted Shop and 6 x Self-Contained Vacant Flats with an Estimated Rental Value of £38,800 Per Annum.

    Description

    The property comprises a end of terrace building arranged to provide a ground floor double fronted shop and six self-contained studio flats on the first and second floors. The property has been recently refurbished.

    Tenure

    Freehold

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of South Park are within easy reach. Transport links are provided by Darlington rail station.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Double Fronted Lock Up Shop Ground Retail Space, Kitchen Area, WC Commercial Lease £7,000 per annum
    Flat 1 First Self-Contained Flat ERV based on previous rental income £425 pcm (£5,100 pa) Vacant
    Flat 2 First Self-Contained Flat ERV based on previous rental income £475 pcm (£5,700 pa) Vacant
    Flat 3 First Self-Contained Flat ERV based on previous rental income £350 pcm (£4,200 pa) Vacant
    Flat 4 Second Self-Contained Flat ERV based on previous rental income £375 pcm (£4,500 pa) Vacant
    Flat 5 Second Self-Contained Flat ERV based on previous rental income £450 pcm (£5,400 pa) Vacant
    Flat 6 Second Self-Contained Flat ERV based on previous rental income £575 pcm (£6,900 pa) Vacant
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