Property Details

Unique opportunity to acquire a block of residential properties including a detached former residential property more recently occupied as offices located within a unique setting forming part of Lingfield Point a 107 acre business estate created from the historic Patons and Baldwins Wool Factory which was built in the 1950s. The site incorporates some iconic displays of modernist architecture and the houses were built for estate workers at the same time. The site comprises 12 semi detached three bedroomed houses together with one detached former house with attached garage. The properties all have large gardens, three bedroom accommodation with gas fired central heating and partial double glazing/secondary glazing. The investment offers great potential for considerable rental income growth with some capital investment with refurbishments. There are presently two houses vacant and the office building. Current rents received are £41,814 per annum. There is one protected tenancy.
Viewing is strongly recommended.

Overview

Price: £1,000,000
Type: Investment

Local Branch

Darlington
18 St. Cuthberts Way, Darlington,
Co Durham, DL1 1GB
01325 466945