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BUSINESS REFERENCE : AC110 / RightBiz FOUR RESIDENTIAL PROPERTIES IN DARLINGTON | | | | | | Four Residential Properties in Darlington Confidentially offered for sale Ref No: AC110 Location: Darlington Asking price: £850,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Industrial Sites & Units | | SALE: | Agent Sale | LEASEHOLD: | £850000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The four properties are located in Darlington, an up and coming busy market town within commuting distance of both Teeside and Newcastle. It is only 15 minutes away from Teeside airport and also close by to the picturesque Yorkshire Dales.
All of the properties have been tastefully restored by the current owner and are rented out as both individual and family flats. Each one is in constant demand due to the reasonable rent charged.
All of the properties have fitted kitchens, and have carpeting and curtains.
The properties have been recently valued, but house prices in this area are still rising steadily. They bring in a combined rent of circa £43,000 per annum, although the current owner suggests that a higher rental could be achieved.
Each of the properties is looked after on a day to day basis by a local property maintenance manager.
Property Portfolio
Property One - £225,000
1920’s Semi detached property, in good residential area. Close to schools with off street parking. Good access to A1. Converted into three, one bedroom flats Economy 7 heating and UPVC double glazing and lock up garage. Long term tenants in each flat. Each flat brings in circa £3,900 perannum in rent.
Property Two - £150,000
End terrace property close to town centre and all amenities. Parking and garages available if required. Converted into a two bedroom flat and a one bedroom flat. UPVC double glazed with economy 7 heating. On street parking, although there are two lock up garages which are attached and at present are rented out separately.. The one bedroom flat brings in circa £3,900 per annum,and the two bedroom flat brings in circa £4,320 per annum. The garages bring in circa £520 per annum.
There is a long term tennant and a recent tennant in the two flats.
Property Three - £325,000
Situated in the west end of Darlington,one of the sought after areas in the town. This is an end of terrace, town house property converted into two,one bedroom flats and one, two bedroom maisonette. The whole property is hard wire fire alarmed, with UPVC double glazing. The property has a communal laundry room and there is residents on street parking. It is close by to local schools and the town centre with a nearby bus route. The basement flat brings in rent of £4,200 per annum.The ground floor flat brings in £4,320 per annum and the two bedroom maisonette brings rent of £6,300 per annum. At present there is one long term tennant with the other two flats available to rent.
Property Four - £150,000
This end of terrace property is close by to the town centre. It has off street parking and has been converted into two, one bedroom flats. It has UPVC double glazing with Economy 7 heating.
The first floor flat has a long term tennant who pays £3,900 per annum, and the ground floor flat also has a long term tennant who pays £3,840 per annum.
Finance
The properties are available individually or as a complete package. They are offered as a going concern.All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Reason for Sale
The owner wishes to concentrate on his other commercial ventures | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC110 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
