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67 - 69 Skinnergate, Darlington, County Durham, DL3

£620,000

Business rates & charges may apply

Parker Barras, Teesside
SIZE

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SECTOR

High street retail property for sale

Key features

  • Strong Covenants
  • 5 Year Leases
  • Good Returns
  • Excellent Location

Description

Fully let retail parade, consisting of 3 retail units, located on Skinnergate, Darlington.

Shop 1 - Let to Savers*?They have agreed a new lease from January 2024 for a term of 5 years at a rent of £18,500 per annum

Shop 2: Let to Greggs PLC** for a term of five years from 12th May 2023 at a rental of £17,000 per annum

Shop3: Let to Kebab Shop for a term of 15 years from February 2016 at a rent of £17,500 per annum

Total Rental Income £53,000

Freehold Sale: £620,000

* Savers is part of AS Watson Group, the world's largest international health and beauty retailer operating over 16,000 stores under 12 retail brands in 28 markets, with over 130,000 employees worldwide. For the fiscal year 2022, AS Watson Group recorded revenue of US$22 billion. Every year, we are serving over 5.5 billion shoppers via our O+O (Offline plus Online) technology-enabled platforms.



** Greggs PLC operates 2,473 shops, sales of £1.8 Billion. As of December 2023 the firm had £195Million in net cash.

67 - 69 Skinnergate, Darlington, County Durham, DL3

Approximate location
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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Darlington Station0.5 miles
  • North Road Station0.7 miles
  • Dinsdale Station3.7 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

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Disclaimer - Property reference 205429322. 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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