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Portfolio of 8 Properties, Tower Road Darlington
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Description
- Status: Available
- Type: Portfolio
- Ownership: Freehold
- Occupation: Tenanted
- Tax/Rates:
**OUTSTANDING INVESTMENT OPPORTUNITY** Portfolio of 8 refurbished properties - 7 X 2 Bedroom and 1 x 1 Bedroom- Handsome Victorian building. IMMEDIATE RENTAL INCOME of £60,780 per annum
FLAT 1 -1 bed - £550 pcm FLAT 2 -2 bed - £695pcm FLAT 3 -2 bed - £650pcm FLAT 4 -2 bed - £550pcm FLAT 5 -2 bed - £650pcm FLAT 6 -2 bed - £695pcm FLAT 7 -2 bed - £625pcm FLAT 8 -2 bed - £650pcm
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.
**OUTSTANDING INVESTMENT OPPORTUNITY** Portfolio of 8 refurbished properties - 7 X 2 Bedroom and 1 x 1 Bedroom- Handsome Victorian building. IMMEDIATE RENTAL INCOME of £60,780 per annum *** FREEHOLD PROPERTY COMPRISING 8 SELF CONTAINED FLATS*** outstanding investment opportunity with each property and all common areas finished to an extremely high standard. FLAT 1 -1 bed - £550 pcm FLAT 2 -2 bed - £695pcm FLAT 3 -2 bed - £650pcm FLAT 4 -2 bed - £550pcm FLAT 5 -2 bed - £650pcm FLAT 6 -2 bed - £695pcm FLAT 7 -2 bed - £625pcm FLAT 8 -2 bed - £650pcm 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.
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
Show MoreMap & Location
Map Street View SatelliteTenancy Details
Type of Agreement:Length: Various
Rent: £60,780 per year / £5,065 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Rent: £60,780 per year / £5,065per month Yield: 10% (approx) Tenants: Private Individual tenants Notes: Fully let. £60,780 per annum (approx 10% yield).
Document Downloads
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
Pricing Information & Bidding
Opening Bid: £549,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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Terms of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
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Auction Details
Type: Timed Online Auction
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