King St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
King St
46 Unit Apartment Building $6,488,691 ($141,059/Unit) 8.19% Cap Rate Darlington DL3 6JL
Investment Highlights
- Located in Darlington Town Centre within 1 mile of Darlington & North Road Train Stations
- All flats are finished to a high specification with onsite parking
- A new HM Treasury building to be located across the road
Executive Summary
A newly built (unbroken) block of 46 flats offering a discount of c.15% to market value (at asking price) and an 8% yield based on ERVs.
Arranged over ground, first and second floors measuring 30,000 sq.ft/ 2,787 sq.m GIA.
The 46 flats comprise: 28 x 1-bed and 18 x 2-bed with 25,028 sq.ft/ 2.328 sq.m NSA
All flats are finished to a high specification with onsite parking for 65 cars.
We have been advised the ERV is c.£430,000 per annum.
Potential to add additional units (further information available upon request)
Located in Darlington Town Centre within 1 mile of Darlington & North Road Train Stations with a new HM Treasury building to be located across the road
Freehold with Vacant Possession.
Arranged over ground, first and second floors measuring 30,000 sq.ft/ 2,787 sq.m GIA.
The 46 flats comprise: 28 x 1-bed and 18 x 2-bed with 25,028 sq.ft/ 2.328 sq.m NSA
All flats are finished to a high specification with onsite parking for 65 cars.
We have been advised the ERV is c.£430,000 per annum.
Potential to add additional units (further information available upon request)
Located in Darlington Town Centre within 1 mile of Darlington & North Road Train Stations with a new HM Treasury building to be located across the road
Freehold with Vacant Possession.
Property Facts
| Price | $6,488,691 | Property Subtype | Apartment |
| Price Per Unit | $141,059 | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 0.65 AC |
| Cap Rate | 8.19% | Building Size | 30,000 SF |
| Tenure | Freehold | No. Stories | 3 |
| No. Units | 46 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 2.17/1,000 SF |
| Price | $6,488,691 |
| Price Per Unit | $141,059 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.19% |
| Tenure | Freehold |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 30,000 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 2.17/1,000 SF |
Unit Amenities
- Kitchen
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | - |
| 2+1 | 18 | - | - |
1 of 1
Learn More About Investing in Apartment Buildings
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
King St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.