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East Mount Road, Darlington

Offers in Region of
£950,000

Business rates & charges may apply

Carver Commercial Ltd, County Durham
SIZE

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SECTOR

Commercial property for sale

Description

Residential investment block constructed 2019 comprising 12 x 1 Bed Apartments.

10 of the apartments are occupied by way of a 3 year lease by Everyone Matters Homes CIC at £71,400. The remaining two apartments are occupied by way of standard AST’s with the view that Everyone Matters Homes are likely to take occupation following the expiration of the fixed term periods.

Gross Rents: £84,600pax

A purchase at the asking price provides a net initial yield of 8.43% after assuming standard purchaser’s costs at 5.69%.

Brochures

East Mount Road, Darlington

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • North Road Station0.4 miles
  • Darlington Station0.8 miles
  • Dinsdale Station3.4 miles

Notes

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Disclaimer - Property reference 32904736. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Carver Commercial Ltd, County Durham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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