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15 Northumberland St 2,253 SF Retail Building Darlington DL3 7HJ $206,521 ($91.66/SF)
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Great local amenities
- Great transport links
EXECUTIVE SUMMARY
A great investment opportunity to purchase this commercial space with tenants in situ located on Northumberland Street, Darlington. The ground floor retail space is utilised by the current tenants as a salon, achieving £750pcm presently. The first floor offices are currently tenanted on a separate lease at £400pcm. Both leases have recently been renewed for a 5 year term with a 3 year break clause. The property is currently boasting a gross annual yield of £13,800.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,253 SF
Building Class
C
Year Built
1954
Price
$206,521
Price Per SF
$91.66
Tenancy
Single
Building Height
2 Stories
Frontage
29’ on Northumberland Street
AMENITIES
- Corner Lot
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NEARBY MAJOR RETAILERS
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15 Northumberland St
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