Property

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Property

Northumberland Street, Darlington DL3
£155,000

Our Summary

  • A great investment opportunity to purchase this commercial space with tenants in situ located on Northumberland Street, Darlington

Description

This commercial property on Northumberland Street in Darlington offers a great investment opportunity, with two tenants in situ. The ground floor is occupied by a salon, generating £750 per month, while the first floor offices are leased for £400 per month. Both leases have recently been renewed for a 5-year term with a 3-year break clause, providing a gross annual yield of £13,800. The property is strategically located near Darlington town center, with easy access to shops, restaurants, healthcare, and recreational facilities, as well as excellent travel links to other local towns and cities. The property itself comprises an entrance hall, salon space, storage rooms, and cloakroom on the ground floor, with four office spaces and a cloakroom on the first floor.