15 Cleveland Trading Estate 2,046 sq ft Light Industrial Property Darlington DL1 2PB £85,000 (£41.54/sq ft)

Located approximately 1.5 miles north of Darlington town centre the premises adjoin Forge Way within Cleveland Trading Estate. Adjacent to North Road a 167 and providing easy access to the A1 (M) and A66 Darlington is approximately 14 miles west of Middlesbrough and 20 miles south of Durham Industrial Investment opportunity for sale by auction. Starting Bids £85,000.
Detached light industrial/ trade premises of traditional brick construction under a flat roof incorporating a steel framed lean to extension at the rear. Investment opportunity with the current income totaling £650 per calendar month. The income is generated from the 12 month lease to the current tenant in the unit who is paying £450 per calendar month. In addition there is an undocumented arrangement, under which European Metal Recycling Limited have been permitted to retain a roof-mounted advertisement on the Property in return for payment of £200 per calendar month. It can be noted that the rental income for the retail unit is well below market value and therefore presents an opportunity for future rent increases.