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Studio, in North Road, £295,000
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0 bed property

North Road, Darlington DL1
£295,000

Our Summary

  • Investment potential detailed below (Let Property Pack)
  • Investment Opportunity
  • The rear workshop is currently vacant and can also be rented which raises the potential rent of the portfolio
  • Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio
  • For greater detail on this property's investment potential, please see the Let Property Pack linked below

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Description

The property is a portfolio of 7 units in Darlington, consisting of 3 flats and 4 commercial units. The flats each have 1 bedroom, a well-equipped kitchen, and a three-piece bathroom, and are currently occupied with tenants. The commercial units offer versatile business spaces with fitted kitchens and toilets, with the rear workshop currently vacant and available for rental.

The total annual gross income from the property is £31,044. The commercial units have a total of 4 spaces, including a vacant rear workshop that can be rented to increase potential income.