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22 bedroom detached house for sale
Signal House, Whessoe Road, Darlington
£500,000
Signal House, Whessoe Road, Darlington
£500,000
Our Summary
- My Property Box welcomes to the market this rare development opportunity of a 22 Bedroom HMO & ground floor retail unit
- The site which is currently a vacant serviced office space has approved planning for 22 bedrooms of mixed en/off-suites
- Currently to the rear of Signal House the previously derelict Darlington Railway museum has been granted multimillion funding with numbers of expected visitors forecasted to be in the region of 300,000 a year
- There is scope to introduce a licensing scheme to add further income to the site; the site benefitsfrom a well presented area of greenery to both the front and rear of the property adding to the high end finish across the whole site
Description
The property is a rare development opportunity consisting of a 22-bedroom HMO and a ground-floor retail unit, located in the heart of Darlington. The site has approved planning for 22 bedrooms of mixed en-suite/off-suite accommodation and has a potential gross development value (GDV) of £1.25 million and achievable gross rent of £135,000 per annum. The location is conveniently situated near the A167, a main access road into the town center, and is close to amenities such as Bannatyne Hotel & Spa, Darlington Hospital, and Darlington Train station. The property benefits from excellent transport links, including the A1, A19, and A66, as well as Teesside Airport and Darlington Train station. The external area features ample parking for both residential and retail tenants, and there is potential to introduce a licensing scheme to add further income. The property has a smart and sleek cladding finish and is available with vacant possession at completion.