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Cockerton Green, Darlington, County Durham, DL3

£4,800,000

Business rates & charges may apply

Parker Barras, Teesside
SIZE

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SECTOR

Commercial property for sale

USE CLASSUse class orders: B1 Business, C2 Residential Institutions and C3 Dwelling Houses

B1, C2, C3

Key features

  • Popular successful business
  • Great Investment Opportunity

Description

Company sale that owns and manages a residential development in Darlington and a shopping centre in Consett

The residential development is located at Cockerton Green in Darlington DL3 9EB and comprises the freehold of 38 high end apartments and 5 mews houses, some have been sold off on long leaseholds that pay a ground rent. The company still retains 20 x 2 bedroom apartments and 1 x townhouse.

The residential development generates £182,820 in rental income, excluding management fees and insurance.

The Derwent Centre, Consett, DH5 8SD is a shopping centre with a mix of tenants including Boyes and Bestway chemist plus some independent retailers. The centre has enjoyed high levels of occupancy above 90%.

Rental income from the shopping centre is £259,051 per annum please insurance and service charge.

A full tenant schedule is available upon request.

Total rental income for the company £441,871 per annum

Asking price £4.8million

Our Ref:

Cockerton Green, Darlington, County Durham, DL3

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • North Road Station1.1 miles
  • Darlington Station1.7 miles
  • Heighington Station4.4 miles

About Parker Barras, Teesside

The Qube Windward Way, Middlesbrough, TS2 1QG

Parker Barras are award-winning Commercial Property & Business Transfer Agents formed in 2007 and operating from state-of-the-art office premises, located in Teesside and covering the North East.

Our proactive approach enables the firm to act efficiently on the Sale and Letting of all types of Commercial Property, as well as acting as business transfer agents, helping you achieve the best outcome, when its comes to selling your business.

Parker Barras charge absolutely no upfront fees and offer a free no obligation market appraisal.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference Business178213016. 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 Parker Barras, Teesside. 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.

Map data ©OpenStreetMap contributors.

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