1A-5 Crown St
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1A-5 Crown St
4,845 SF 100% Leased Office Building Darlington DL1 1LU $471,525 ($97/SF) 10.46% Cap Rate
INVESTMENT HIGHLIGHTS
- Daytime Foot Traffic
- Close to bus stops
- Access via A167
EXECUTIVE SUMMARY
Grade II Listed mixed investment property comprising 3 x ground floor shops and first/ second floor escape rooms. The property is of traditional brick construction held beneath a pitched tile covered roof. Each shop incorporates attractive bay frontage to Crown Street and windows are predominantly timber sash. Externally there is a small courtyard at the rear providing parking for approximately 3 vehicles.
A purchase at the asking price will demonstrate a net initial yield of 10.46% after assuming standard purchaser’s costs at 4%.
A purchase at the asking price will demonstrate a net initial yield of 10.46% after assuming standard purchaser’s costs at 4%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
4,845 SF
Building Class
B
Year Built
1917
Price
$471,525
Price Per SF
$97
Cap Rate
10.46%
NOI
$49,322
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,588 SF
Parking
5 Spaces (1.04 Spaces per 1,000 SF Leased)
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1A-5 Crown St
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