For SaleProperty in North Road, Darlington£370,000
Property Type
Property
Price
£370,000
Key Features
- Mixed use investment property
- Shop, warehouse and 4 x flats
- Prominent position fronting A167
Description
Mixed-use investment property comprising shop, warehouse and 4 flats.
The property fronts North Road (A167) approximately 1 mile north of Darlington town centre amongst occupiers including Morrisons, Aldi, Greggs and Poundland.
Gross annual income £42,940pax (rising to £44,362). A purchase at the asking price demonstrates a net initial yield in excess of 10% and a reversionary yield in excess of 10.5% after assuming standard purchasers costs