EXCELLENT INVESTMENT OPPORTUNITY. RAILWAY HOUSE - BLOCK OF 10 FULLY FURNISHED SELF CONTAINED UNITS

A mix of accommodation including 2 one-bedroom apartment, 6 two-bedroom apartments, a one-bedroom house and a two-bedroom house. With the announcement in recent months that the area would benefit from 750 civil servant jobs moving to Darlington due to the introduction of the Northern Treasury, this property holds huge potential and has already leant itself to individual leaseholds and serviced accommodation returning an exceptional income. Each unit is serviced via individual gas boilers and all have separate electric meters. Please read further details. One for the serious investors, this property holds no end of opportunity. The current vendor has utilised all sources of income from the units and therefore realistic returns for both serviced accommodation, individual leaseholds or a mixture of both is possible. In a great location with parking available and close to the local retail park with supermarket this property is often used by contractors and professionals working in the area Monday - Friday. Darlington is benefiting from the recent levelling up scheme along with the rest of the North East, and as one of the larger Towns in the region it lends itself to be a great base for business in the area. A very rare opportunity to purchase such an extensive building ready complete with furnishing meaning the next vendor is ready to go upon completion. Please note that Auction house have not tested any of the services connected to the property. We also add that all interested parties should contact us immediately to register your details. We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding.

Tenure

See Legal Pack

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We require all interested parties to register for a free legal pack through our website www.auctionhouse.co.uk/northeast and within said pack will be a bidder registration form which must be completed and returned to us in order to authorise bidding on the property. Please note that previous registrations are no longer valid for this auction and you must register your bidding intention for each Auction and individual property. For further assistance and for viewing information, please call 01642 931060.

Viewing

Please call Auction House North East on 01642 931060 for viewing schedule

Energy Efficiency Rating (EPC)

Current Rating See legal pack

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Darlington Borough Council

Solicitors

Hewitts Solictors, 207 Newgate Street, Bishop Auckland, DL14 7EL, Ref: Ian Gibson, Tel: 01388 604691

Additional Fees

Buyer's Premium - 1% inc VAT of the purchase price payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.