Online Auction

110 Eastmount Road, Darlington, County Durham, DL1 1LE

Upon Instructions of

Joint Fixed Charge Receivers

  • Freehold mixed use investment
  • 16,641 sq ft (1,545.58 sq m)
  • 4 units let, two vacant
  • Total combined current rent £35,865 per annum

Details

Location

The market town of Darlington lies on the River Skerne and is located approximately 20 miles south of Durham, 15 miles west of Middlesbrough and 46 miles north of Harrogate. The town lies just to the north east of the intersection of the A1(M) and A66 (M). The property is situated on the north side of Eastmount Road, close to the junction with Dumfries Street, and a short distance from the main retail area of Darlington town centre and of Darlington’s inner ring road, known as St Cuthbert’s Way.

Description

The property comprises a mixture of buildings totalling 16,641 sq ft (1,545.58 sq m). The accommodation provided is a mixture of industrial, office and trade counter premises. To the south eastern corner of the property there is a two storey building with rendered brick elevations under a pitched slate covered roof and with single glazed timber framed windows. The western part of the wall (at ground floor level) acts as the main elevation of an additional industrial unit, which is accessed from Eastmount Road via a steel roller shutter and a pedestrian door. The various parts of this structure have single glazed metal framed windows serving units at both levels.

Tenure

Freehold.

Energy Performance Certificate

For EPC Rating please see legal documentation

Address Tenant Sq Ft Sq M Lease Terms Rent £ pa
TOTAL £35,865
Unit 1 Mary Francis Clarke 2,000 185.80 3 years from 17/10/2014 £5,000
Unit 2 Nordic Pioneer Ltd 4,445 412.95 3 years from 01/06/2013 £12,035
Unit 3 Lintec Testing Services Ltd 3,000 278.71 5 years from 01/09/2011 £12,330
Unit 4 Lintec Testing Services Ltd 1,740 161.65 5 years from 01/09/2011 £6,500
Unit 5 Vacant 3,456 321.07 Vacant
Unit 6 Vacant 2,000 185.80 Vacant
The measurements have been provided by the seller.

Contact

Seller's solicitor

HBJ Gateley (Gary Munro)
0131 222 9488
gmunro@hbjgateley.com

*Reserve Not to exceed

The reserve is the minimum amount the seller will currently accept. This figure does not represent a valuation nor does it reflect the likely sale price. It is subject to change, upwards or downwards.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.

Sold for £231,000

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Reserve not to exceed*
£190,000 - £200,000

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.


Related Documents

Agreement Documents