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15 Northumberland St 2,253 sq ft Retail Property Darlington DL3 7HJ £155,000 (£68.80/sq ft)
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Great local amenities
- Great transport links
EXECUTIVE SUMMARY
A great investment opportunity to purchase this commercial space with tenants in situ located on Northumberland Street, Darlington. The ground floor retail space is utilised by the current tenants as a salon, achieving £750pcm presently. The first floor offices are currently tenanted on a separate lease at £400pcm. Both leases have recently been renewed for a 5 year term with a 3 year break clause. The property is currently boasting a gross annual yield of £13,800.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,253 sq ft
Costar Property Class
C
Year Built
1954
Price
£155,000
Price per sq ft
£68.80
Tenancy
Single
Number of Floors
2
Frontage
29 ft on Northumberland Street
AMENITIES
- Corner Lot
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NEARBY MAJOR RETAILERS
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15 Northumberland St
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