Cleveland Trading Estate, Darlington, Durham, DL1 2PB
- SIZE
Ask agent
- SECTOR
Heavy industrial facility for sale
Key features
- For Sale By Auction
- Prominent Corner Site
- Investment Opportunity Income £7500 per annum
- Starting Bids £85,000
- 190 sq metres / 2046 sq ft Industrial Unit
- EPC Rated E
Description
Detached light industrial/ trade premises of traditional brick construction under a flat roof incorporating a steel framed lean to extension at the rear.
Investment opportunity with the current income totalling £650 per calendar month.
The income is generated from the 12 month lease to the current tenant in the unit who is paying £450 per calendar month. The advertising board is also on a 12 month lease is generating a income of £200 per calendar month.
It can be noted that the rental income for the retail unit is well below market value and therefore presents an opportunity for future rent increases.
Located approximately 1.5 miles north of Darlington town centre the premises adjoin Forge Way within Cleveland Trading Estate. Adjacent to North Road a 167 and providing easy access to the A1 (M) and A66
Darlington is approximately 14 miles west of Middlesbrough and 20 miles south of Durham
Please note we have not insoected this property.
Location
Located approximately 1.5 miles north of Darlington town centre the premises adjoin Forge Way within Cleveland Trading Estate. Adjacent to North Road a 167 and providing easy access to the A1 (M) and A66
Darlington is approximately 14 miles west of Middlesbrough and 20 miles south of Durham
Accommodation
Detached light industrial/ trade premises of traditional brick construction under a flat roof incorporating a steel framed lean to extension at the rear.
Tenure
Freehold. Title number DU368369
EPC
Available upon request ( Rating E )
Additional information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Brochures
Cleveland Trading Estate, Darlington, Durham, DL1 2PB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- North Road Station0.3 miles
- Darlington Station1.0 miles
- Dinsdale Station3.5 miles
Notes
Disclaimer - Property reference 460940. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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