Neasham Road, Darlington

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£120,000

Home Buyer Report for Neasham Road, Darlington

Get to know this home before you view. One report brings together the listing, property records and local sold prices, so you know what to look out for, what to ask and what to offer.

What's included

  • Condition, read from every photo and the floorplan
  • Where the listing contradicts the records
  • Sold prices on the street and nearby comparables
  • Planning history, here and next door
  • Council tax, stamp duty and what upgrades would cost
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Bedrooms
1
Bathrooms
2
Living Spaces
1
Type
Flat
Ownership
Freehold
Area
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Price per area
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Floorplan & Rooms

Bedrooms
1 Bedroom
Bathrooms
2 Bathrooms
Living Spaces
1 Living Space

Features

Exposed Brickwork
Office
Period Property
Renovation Needed

Description

Mixed-Use Investment Opportunity – Commercial Premises with One-Bedroom Flat
An excellent opportunity to acquire a mixed-use property comprising a spacious ground-floor commercial unit with a self-contained one-bedroom flat above, occupying a prominent and accessible position within the Eastbourne area of Darlington.
The ground-floor premises were previously operated as a food/takeaway business and provide versatile accommodation with potential for a variety of commercial uses, subject to any necessary planning or regulatory consents.
The property occupies a well-established location with good levels of passing pedestrian and vehicular traffic, making it an attractive proposition for investors, owner-occupiers or businesses looking for premises within this popular area of Darlington.
The ground-floor commercial premises will be offered with vacant possession upon completion, allowing a purchaser to occupy, refurbish or re-let the unit.
The first floor comprises a self-contained one-bedroom flat, currently occupied by a tenant on a periodic tenancy and producing a rental income of £440 per calendar month (£5,280 per annum).
Ground Floor – Commercial Premises
Shop floor and counter area
Kitchen
Office/store room
Large store room
W.C.
Vacant possession upon completion - previously let at a rental of Shop: £575 pcm = £6,900 per annum (potential income)
First Floor – Residential Accommodation
Self-contained one-bedroom flat
Tenant currently in situ
Periodic tenancy
Current rental income of £440 PCM / £5,280 per annum
A versatile mixed-use property offering commercial potential together with the benefit of an established residential rental income. Early viewing is highly recommended.
Based on the previous commercial rent and the current residential rent, the property has the potential to generate a combined rental income of approximately £1,015 per calendar month (£12,180 per annum) when fully let.
Photographs Disclaimer: Some of the photographs used within this marketing are historic images and show the premises with counters and other fixtures that may no longer be present. These images are provided for marketing and illustrative purposes only and should not be relied upon as an accurate representation of the property’s current condition or layout. Prospective purchasers are advised to inspect the property during a viewing.

Location

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The information provided within this property listing is accurate to the best of our knowledge and research. Please see details of how we gather information in paragraph 3 of our T&Cs.

Please contact the appointed agent, or the vendor, for any missing information and to ensure the accuracy of all details. It is essential that you carry out your own Due Diligence in relation to any property purchases.

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