15-19 Bondgate
Darlington DL3 7JE

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Offers in the region of £250,000 (Two Hundred & Fifty Thousand Pounds) exclusive, Subject to Contract
  • Reversionary yield of 9.36% on the letting of the first floor at £7,500 pax.
  • Net initial return to a buyer of 6.4% allowing for standard purchasers’ costs at 2.49% (buyers professional, legal and stamp duty + VAT)

EXECUTIVE SUMMARY

The premises comprise of a 2-storey end of terrace brick and rendered property under a pitched slate roof. The ground floor shop has return frontage to Bondgate and Skinnergate with well-proportioned sales and rear WC and kitchen.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,217 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1966
Price
$264,277
Price Per SF
$217
Cap Rate
7.86%
NOI
$20,765
Percent Leased
49%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.04 AC
Frontage
22 FT on Bondgate

AMENITIES

  • Energy Performance Rating - D
  • Listing ID: 27524565

  • Date on Market: 1/17/2023

  • Last Updated:

  • Address: 15-19 Bondgate, Darlington DL3 7JE