15-19 Bondgate
Darlington DL3 7JE
Retail Property For Sale
![15-19 Bondgate, Darlington for sale - Primary Photo - Image 1 of 5](https://images1.loopnet.com/i2/RM3KsFMuaSkHGtY84n8HolIb_wrXfVa8TJxPGu4bRAI/110/15-19-Bondgate-Darlington-Primary-Photo-1-Large.jpg)
![15-19 Bondgate, Darlington for sale - Building Photo - Image 2 of 5](https://images1.loopnet.com/i2/j2xctv3BnTVndxO5WePZ788f74s9GR5Zngxu6sDFDR4/110/15-19-Bondgate-Darlington-Building-Photo-2-Large.jpg)
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