22 bedroom house for sale
£1,250,000 /Sale price - Darlington Durham N/ADetails
- Beds: 22
- Baths: 11
- Price: £1,250,000 /Sale price
- Internal Reference No.: 70416573
Overview
My Property Box welcomes to the market a newly developed 22 bedroom HMO and 1 retail unit situated within the investment hotspot of Darlington. The property boasts a potential rental return of £135,000 per annum at an 11% gross yield. SITUATION Whessoe Road running adjacent to the North Road (A167), being a main access road into the centre of Darlington, is a mix of both industrial and suburban residential. Currently to the rear of Signal House the previously derelict Darlington Railway museum has been granted multimillion funding with numbers of expected visitors forecasted to be in the region of 300,000 a year. With ample amenities in the town centre sitting 1.5miles away, including but not limited to Bannatyne Hotel & Spa, Darlington Hospital, Darlington Train station and an array of boutique style bars and restaurants. LOCATION Darlington is an emerging investment and financial hub within the North East attracting major national and international employers including HM Treasury, The Department for Trade, Amazon's largest fulfilment Centre, Student Loans and EE to name a few. Furthermore, development projects such as the record £150m investment into the Darlington train station along with £25m toward the development of Teesside airport and £200m toward the development of Teesside's freeport.Darlington is a popular expanding market town situated 14 miles from Middlesbrough & Stockton, 20 Miles south of Durham and 30 Miles south of Newcastle. Heading south Darlington is situated approximately 50 Miles north of York. Benefitting from excelled transport links such as the the A1, A19 and A66, along with the Teesside airport and Darlington train station being closely situated offers both domestic and international transport. EXTERNALLY The the external of the property you find ample parking for the tenants of both the residential and retail space. There is scope to introduce a licensing scheme to add further income to the site; the site benefitsfrom a well presented area of greenery to both the front and rear of the property adding to the high end finish across the whole site. From the road side there is a smart but sleek cladding finish across the front and rear of the building, with a large signage making it easily noticeable from the road side. GENERAL INFORMATION TenureThe property will be sold freehold and will be available with vacantpossession at completion. Can full occupy prior to completion.Local AuthorityDarlington Borough Council.Council TaxBand TBC.Energy Performance Certificate (EPC)Rating TBC. VIEWINGS Strictly by appointment through the Selling Agents My Property Box. Tel: . For more details and to contact: https://realtyww.info/houses_whessoe-road-d122993/for-sale_i70416573Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-08, Viewed 8 times.
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