For SaleProperty in North Road, Darlington£370,000

North Road, Darlington

Property for sale
£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

North Road, Darlington on Map