EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY

This commercial space on the popular Whessoe Road of Darlington could be the perfect addition to or start of an investor's commercial portfolio. The unit is currently undergoing a refurbishment by the current tenant and returns a healthy £5,100 per annum under the current agreement which from guide price is an attractive 11.3% yield. With space over two floors, the ground floor holds the retail space with a WC upstairs and the remaining first floor space used for storage or further retail space. The premises is currently used as a baby clothes shop. With such a stunning guide price, you will not want to miss out on this one. Come auction day (19th July), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (to a minimum £5,000) is required and completion is set for 28 days later. You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 931060. Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms and documentation has been received at teesvalley@auctiohouse.co.uk. for any further assistance, please do not hesitate to contact us in the office.

Tenure

Leasehold

Ground Floor

Retail Space - 8.85m x 4.26m Stairs to First Floor

First Floor

Store Room Kitchen / Store Room WC

Viewings

Please contact Auction House North East on 01642 931060 for viewing schedule.

Energy Efficiency Rating (EPC)

Current Rating E

Services

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

Local Authority

Durham County Council

Solicitors

Holden Smith, 329 Wakefield Road, Denby Dale, Huddersfield, HD8 8RX, Ref: Danielle Abbott, Tel: 01484 556677

Additional Fees

Buyer's Premium - £1500 inc VAT 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.