Parkgate, Darlington - 0 bed - £300,000 - Alan Ayers - Commercial Sales

Property details

Bedrooms: 0

PARKGATE,DARLINGTON:
This investment consists of three retail shop units and three self-contained first floor flats.
There is a parking area and two workshops to the rear with access from Melland Street.
The windows to the first floor accommodation are double-glazed.

Parkgate consists of mainly retail shops, restaurants and takeaways. The Civic Theatre, Police Station and Doctor's Surgery close by. Within walking distance of the town centre and railway station. Easy access to all main routes.

Generating an annual income of approximately £22,700 per annum

PRICE: Offers in the region of £300,000.


ACCOMMODATION

111 PARKGATE - Shop
Floor Area 38 sq mtrs (410 sq ft)
Consisting of sales area, rear sales area, kitchen, WC.
RENT: £300.00 pcm Licensee - Pizza Take Away

111A PARKGATE - Flat
Accommodation: Sitting Room/Kitchen, Bedroom, Bathroom. Gas Central Heating.
To Let on an Assured Shorthold Agreement at a Rent of £330.00 pcm


113 PARKGATE - Shop
Floor Area 30 sq mtrs (254 sq ft.)
Consisting of sales area, rear sales area, kitchen, WC.
RENT: £300.00 pcm Licensee - Take Away/Cafe

113A PARKGATE - Flat
Accommodation: Sitting Room/Kitchen, Bedroom, Bathroom. Baxi Gas Wall Heaters.
Tenanted on an Assured Shorthold Agreement at a Rent of £300.00 pcm


115 PARKGATE - Shop
Floor Area 31 sq mtrs (321 sq ft)
Consisting of sales area, rear sales area, kitchen, WC.
RENT: £300.00 pcm Licensee: Estate Agency

115A PARKGATE - Flat
Accommodation: Sitting Room/Kitchen, Bedroom, Bathroom. Baxi Gas Wall Heaters.
Tenanted on Assured Shorthold Agreement at a Rent of £65.00 per week


EXTERNAL
Large enclosed parking area with access from Melland Street.
Workshop one (Single) - Rent £26.00 pcm
Workshop two (Double)- Rent £50.00 pcm

RENTS
Three shops presently let on licence generating an income of approximately
£10,800 per annum

Three flats presently let on assured shorthold tenancies generating an income of approximately £10,900 per annum

Workshops presently let on licence generating an income of approximately
£1,000 per annum

RATEABLE VALUE

The Local Authority has verbally advised us that the rateable values are as follows:

111 - £2075 RV
113 - £1975 RV
115 - £2425 RV

The flats are all Band 'A'

OCCUPATION

At the time of print properties are occupied.