Restaurant/cafe for sale in Haughton Road, Darlington DL1

Summary

*For sale via secure sale online bidding: Terms and conditions apply.*

Investment/development/owner occupier opportunity for sale. The portfolio comprises 2x commercial units (a hot food takeaway and a retail unit), a residential 3 bed apartment, and a garage premises to the rear. The retail unit and garage are both tenanted for a combined income of 7,200 per annum. The flat is currently vacant, and the takeaway is currently owner occupied and trading (to be sold with vacant possession). Equipment, fixtures and fittings can be included within the sale for an additional premium of 25,000.

Excellent opportunity for further development by an investor/developer or owner occupier looking for additional income. Suitable for a variety of uses subject to local planning permissions.

Location

The subject property is located in a predominantly residential area on the periphery of Darlington town centre.

Accommodation

The accommodation briefly comprises of a retail unit with counter, kitchen and internal storage. Providing 58 sq metres/ 624 sq ft (approx). There is also a small yard to the rear of the premises with WC facilities. Also included in the rental is a 3 bedroomed first floor apartment with separate entrance (this could be utilised by the new business operator or sub let to generate additional income).

Tenure

Freehold. Title number DU58298.

Lease Details

286 Haughton Road - hot food takeaway
To be sold vacant, although currently trading (including equipment, fixtures and fittings etc.)

288 Haughton Road - retail unit
Currently let for 350pcm

288a Haughton Road - 3 bedroom flat
To be sold vacant

Garage rear of 286 Haughton Road - garage premises
Currently let for 250pcm

Rateable Value

The adoptable rateable values are as follows (as of 1st April 2023). Sourced from voa.

286-288 Haughton Road - 3,000
288 Haughton Road - 3,600

Council Tax

The flat is of council tax band A.

EPC

All available upon request (ratings B, C and D).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.