Property photos
Freehold
£320,000
(£159.60/sq. ft)
Industrial for sale
Investment Yarm Road Business Park, 4, Barrington Way, Darlington DL12,005 sq. ft
Local area information
Property location
Nearby amenities
- St Teresa's RC Primary School 0.6 miles
- Firthmoor Primary School 0.7 miles
- Darlington 1.4 miles
- Dinsdale 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Commercial Investment Opportunity
- Brand New Light Industrial Unit
- Let to Mark Harding Animal Physiotherapy
- Let on a 10 year lease at £17,000 pax
The property is located strategically on Yarm Road Business Park, east of Darlington Town Centre. The unit is accessed directly off Yarm Road on Barrington Way, via the Travel Lodge and The Toby Carvery.
Surrounding occupiers include:
• Screwfix
• Yesss Electrical
• Magnet
The property comprises of a brand new industrial/ workshop unit that has been fitted out as fully functional animal physiotherapy unit.
Tenancy
The property is let Mark Hardy Animal Physiotherapy Ltd one of the UK's leading Veterinary Physiotherapists & Hydrotherapists on a 10 year Fri lease at a passing rent of £17,000 per annum from 11th November 2022. Further information is available upon application.
Proposal
We are instructed to seek offers in excess of £320,000 (three hundred and twenty thousand pounds), subject to contract reflecting an attractive Net Initial Yield of 5.136% (allowing for standard purchaser’s costs of 3.3%)
The tenant has been trading since 2015 and has recently relocated to Barrington Way from a smaller building in order to expand and meet increasing customer demands.
The long leasehold interest is subject to a ground rent of £300 per annum reviewed every 25 years.
Accommodation:
Industrial Unit: 2,005.00 sqft
Surrounding occupiers include:
• Screwfix
• Yesss Electrical
• Magnet
The property comprises of a brand new industrial/ workshop unit that has been fitted out as fully functional animal physiotherapy unit.
Tenancy
The property is let Mark Hardy Animal Physiotherapy Ltd one of the UK's leading Veterinary Physiotherapists & Hydrotherapists on a 10 year Fri lease at a passing rent of £17,000 per annum from 11th November 2022. Further information is available upon application.
Proposal
We are instructed to seek offers in excess of £320,000 (three hundred and twenty thousand pounds), subject to contract reflecting an attractive Net Initial Yield of 5.136% (allowing for standard purchaser’s costs of 3.3%)
The tenant has been trading since 2015 and has recently relocated to Barrington Way from a smaller building in order to expand and meet increasing customer demands.
The long leasehold interest is subject to a ground rent of £300 per annum reviewed every 25 years.
Accommodation:
Industrial Unit: 2,005.00 sqft
More information
Listed by
Connect Property North East
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