Industrial for sale in Investment Yarm Road Business Park, 4, Barrington Way, Darlington DL1

£320,000 (£159.6/sq. ft)
Interested in this property? Call +44 1642 048886 * or Request Details

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Industrial for sale

2,005 sq. ft*

Property features

  • Commercial Investment Opportunity
  • Brand New Light Industrial Unit
  • Let to Mark Harding Animal Physiotherapy
  • Let on a 10 year lease at £17,000 pax

Property description

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

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Connect Property North East, TS18 on +44 1642 048886 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Connect Property North East, and do not constitute property particulars. Please contact Connect Property North East for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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