My Property Box welcomes to the market a newly developed 22 bedroom HMO and 1 retail unit situated within the investment hotspot of Darlington. The property boasts a potential rental return of Â£135,000 per annum at an 11% gross yield.
My Property Box welcomes to the market a newly developed 22 bedroom HMO and 1 retail unit situated within the investment hotspot of Darlington. The property boasts a potential rental return of £135,000 per annum at an 11% gross yield.
Whessoe Road running adjacent to the North Road (A167), being a main access road into the centre of Darlington, is a mix of both industrial and suburban residential. Currently to the rear of Signal House the previously derelict Darlington Railway museum has been granted multimillion funding with numbers of expected visitors forecasted to be in the region of 300,000 a year.
With ample amenities in the town centre sitting 1.5miles away, including but not limited to Bannatyne Hotel & Spa, Darlington Hospital, Darlington Train station and an array of boutique style bars and restaurants.
Darlington is an emerging investment and financial hub within the North East attracting major national and international employers including HM Treasury, The Department for Trade, Amazon's largest fulfilment Centre, Student Loans and EE to name a few. Furthermore, development projects such as the record £150m investment into the Darlington train station along with £25m toward the development of Teesside airport and £200m toward the development of Teesside's freeport.
Darlington is a popular expanding market town situated 14 miles from Middlesbrough & Stockton, 20 Miles south of Durham and 30 Miles south of Newcastle. Heading south Darlington is situated approximately 50 Miles north of York.
Benefitting from excelled transport links such as the the A1, A19 and A66, along with the Teesside airport and Darlington train station being closely situated offers both domestic and international transport.
The the external of the property you find ample parking for the tenants of both the residential and retail space. There is scope to introduce a licensing scheme to add further income to the site; the site benefits
from a well presented area of greenery to both the front and rear of the property adding to the high end finish across the whole site.
From the road side there is a smart but sleek cladding finish across the front and rear of the building, with a large signage making it easily noticeable from the road side.
The property will be sold freehold and will be available with vacant
possession at completion. Can full occupy prior to completion.
Darlington Borough Council.
Energy Performance Certificate (EPC)
Strictly by appointment through the Selling Agents My Property Box. Tel: 01325 582101.
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