Commercial property for sale in Eastmount Road, Darlington DL1
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Property description
Residential investment block constructed 2019 comprising 12 x 1 Bed Apartments.
10 of the apartments are occupied by way of a 3 year lease by Everyone Matters Homes cic at £71,400. The remaining two apartments are occupied by way of standard AST’s with the view that Everyone Matters Homes are likely to take occupation following the expiration of the fixed term periods.
Gross Rents: £84,600pax
A purchase at the asking price provides a net initial yield of 8.43% after assuming standard purchaser’s costs at 5.69%.
Property info
For more information about this property, please contact
Carver Commercial, DL1 on +44 1325 617827 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Carver Commercial, and do not constitute property particulars. Please contact Carver Commercial 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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