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High Yielding Retail Investment Let To Bhf

Darlington, DL1 - Get Access

Description

The property comprises a high yielding retail investment occupying a prominent high footfall pitch. Arranged as a ground floor retail unit with ancillary upper parts, the property is fully let to British Heart Foundation on a five year lease expiring 09.06.2029 and paying £27,500 per annum. The property occupies a prominent pitch fronting the predominantly pedestrianised Northgate in the retailing heart of Darlington. The street is characterised by a mix of national retailers including Next, Costa, Pandora, River Island and Specsavers. Total floor area is approximately 4,184 sq ft (388.7 sq m). Tenure is Freehold. We understand the property is elected for VAT.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 4,184 sq ft (Listing)

Valuation of this prominent town centre commercial retail property is assessed using investment yield principles and capital value per square foot benchmarks. The building comprises 4,184 sq ft of retail and ancillary space on Northgate in Darlington, currently generating £27,500 per annum. Condition is sound with only minor exterior signage upkeep required.

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