Mixed use investment opportunity
Oakwood House, Eastmount Road, Darlington, DL1 1LA
Detached building constructed 2004 of steel frame construction with brick/profile metal sheet cladding to elevations. The building incorporates ground floor showrooms/warehouse/office together with first floor offices. The space incorporates suspended ceilings in part, gas fired central heating systems and air conditioning to most areas. The first floor is accessed via staircase and lift through shared front main entrance. Externally there is a large tarmac surfaced car park with marked bays for capacity approx. 30 cars. Total NIA approx. 1682sq.m. (18,107sq.ft.)
Established commercial location close to inner ring road providing swift access to A66 eastbound via eastern transport corridor relief road. Darlington town centre and railway station are less than 1 mile distance. Occupiers in the immediate vicinity include Jewsons Builders Merchants, MKM Builders Merchants, Sherwoods Vauxhall Dealership and Lifestyle Fitness. The property is let to 4 tenants. There is one vacant office space available on the first floor of 2,539sq.ft.
Total rents received £91,430 per annum, excl.
The sale will be treated as a transfer of going concern (TOGC).
Net initial yield 9.35% after deducting purchasers costs of 5.36%
Guide Price £925,000
For further particulars contact sole agents