**OUTSTANDING INVESTMENT OPPORTUNITY** Portfolio of 8 refurbished properties - 7 X 2 Bedroom and 1 x 1 Bedroom- Handsome Victorian building. Set in the popular Cockerton area of Darlington
IMMEDIATE RENTAL INCOME - from 5 tenanted properties- of £3,170pcm giving a current annual return of £38,040. Full occupancy would generate an approximate income of £61,000 per annum- over £5,000pcm.
SOUGHT AFTER LOCATION within the West End of Darlington with super access to local primary and secondary schooling. North Road Rail under 1 mile away. MASSIVE TENANT DEMAND LOCALLY.
The property boasts an excellent outdoor space- including secure flooodlit car park and resident garden. PERFECT INVESTMENT GENERATING POSITIVE CASHFLOW with capital growth potential.
**FREEHOLD SALE- Blonde Sandstone Building** Apartment 1 Located to the ground floor, private access from car park. One bedroom. EPC Rating F. Currently vacant, expected rental income £600PCM. EPC rental exemption currently in the process of being applied for. Apartment 2 Located to the ground floor, private access from car park. Two bedroom. EPC Rating F. Currently vacant- Potential rental of £650pcm EPC rental exemption currently in the process of being applied for. Apartment 3 Located to the ground floor. Two bedroom. EPC Rating E. Let, rental income £625 pcm. Apartment 4 Located to the ground floor, private access from car park. Two bedroom. EPC Rating E. Tenanted, rental income £595. Apartment 5 Located to the first floor. Two bedroom. EPC Rating E. Tenanted, rental income £650. Apartment 6 Located to the first floor. Two bedroom. EPC Rating G. Currently used as AirBNB with varying rental income- Long-term rental potential of £650pcm Apartment 7 Located to the first floor. Two bedroom. EPC Rating E. Vacant, expected rent income £650 pcm. Apartment 8 Located to the first floor. Two bedroom. EPC Rating E. Tenanted, rental income £650.
Darlington is a market town in County Durham, England. The unitary authority borough named after the town which forms its centre is a constituent member of the devolved Tees Valley area. A tributary of the River Tees, to the south of the town, known as the River Skerne flows through the town. Darlington has a resident population of approximately 95,000 with a wider population of over 850,000 within a 1 hour radius. New development and investment in the town has seen an increase in house prices and demand for housing creating an increase in rental figures.
Full Address: Portfolio of 8 Properties, Tower Road, Darlington, DL3 6RW
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