Darlington Road, Ferryhill

For Sale
£220,000

4 1 1
  • Mixed Commercial / Residential Investment
  • 10% Yield Overall
  • Number 7-8 is a Commercial Unit
  • Number 9 is a Commercial Unit
  • Number 10 is a Commercial Unit
  • Number 9A is a Residential Unit
  • For Sale - The Freehold of All Properties

Number 7-8

Front Shop (8.5m-8m + 5.3m x 1.2m)

Store (3.1m x 1.7m)

Kitchen and W.C.

Workshop/Garage (75 sqm approx)

Number 9

Shop (3.5m x 4.4m)

Back Shop (3.5m x 3.8m)

W.C.

Number 10

Shop (5m x 8m)

W.C.

Rear Lobby

First Floor Room (5m x 7.4m + 2.7m x 2.8m)

Number 9a (flat)

Lounge

Kitchen/Dining Room

4 Bedrooms

Bathroom/W.C.

Separate W.C.

Leases

No. 7-8 are let on a lease dated 1 April 2019 for a term of 3 years at a rent of £8,190 p.a., increasing to £8,599 p.a. in the 3rd year.
No. 9 is presently vacant, but until recently was let at £3,240 p.a.
No. 10 is let on a lease dated 1st November 2019 for a term of 5 years at a rent of £6.816 p.a. increasing in subsequent years to £7,157, £7,515 and £7,891
No. 9A has recently let to an assured tenant at £450 p.c.m.

Please Note

All information is supplied by the vendors, Details are subject to change and should be confirmed prior to a legal commitment to purchase

Disclaimer

Kimmitt & Roberts Estate Agents Ltd gives notice that these particulars have not been checked and verified by the current owner. Therefore, they should not be assumed to be accurate until further verification.


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