110 Eastmount Road, Darlington, County Durham, DL1 1LE

Guide Price* : £190,000 - £200,000

Upon Instructions of

Joint Fixed Charge Receivers

  • Freehold mixed use investment
  • 16,641 sq ft (1,545.58 sq m)
  • 4 units let, two vacant
  • Total combined current rent £35,865 per annum

Description

The property comprises a mixture of buildings totalling 16,641 sq ft (1,545.58 sq m). The accommodation provided is a mixture of industrial, office and trade counter premises. To the south eastern corner of the property there is a two storey building with rendered brick elevations under a pitched slate covered roof and with single glazed timber framed windows. The western part of the wall (at ground floor level) acts as the main elevation of an additional industrial unit, which is accessed from Eastmount Road via a steel roller shutter and a pedestrian door. The various parts of this structure have single glazed metal framed windows serving units at both levels.

Location

The market town of Darlington lies on the River Skerne and is located approximately 20 miles south of Durham, 15 miles west of Middlesbrough and 46 miles north of Harrogate. The town lies just to the north east of the intersection of the A1(M) and A66 (M). The property is situated on the north side of Eastmount Road, close to the junction with Dumfries Street, and a short distance from the main retail area of Darlington town centre and of Darlington’s inner ring road, known as St Cuthbert’s Way.

Tenure

Freehold.

Energy Performance Certificate

For EPC Rating please see legal documentation

Tenancy & Accommodation

Address Tenant Sq Ft Sq M Lease Terms Rent £ pa
TOTAL £35,865
Unit 1 Mary Francis Clarke 2,000 185.80 3 years from 17/10/2014 £5,000
Unit 2 Nordic Pioneer Ltd 4,445 412.95 3 years from 01/06/2013 £12,035
Unit 3 Lintec Testing Services Ltd 3,000 278.71 5 years from 01/09/2011 £12,330
Unit 4 Lintec Testing Services Ltd 1,740 161.65 5 years from 01/09/2011 £6,500
Unit 5 Vacant 3,456 321.07 Vacant
Unit 6 Vacant 2,000 185.80 Vacant
The measurements have been provided by the seller.

Contact

Vendor's solicitor

HBJ Gateley
(Gary Munro)
0131 222 9488
gmunro@hbjgateley.com

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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Sold for £231,000

This auction lot is now closed.

Auction Ended

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Contact
020 7198 2284

Vendor

Joint Fixed Charge Receivers

Vendors Solicitor

(Gary Munro)
0131 222 9488

Related Documents

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton October 2019

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.