Entirely let to The Carphone Warehouse Ltd until 2022 (subject to option)
Prominent position opposite Darlington Retail Park
Nearby occupiers include Homebase, Currys, DFS and Furniture Village
On-site car parking
Lot 80
Auction 23rd October 2014
Rent £26,577 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
15 miles south-west of Middlesbrough, 21 miles south of Durham
Roads
A1, A66, A19
Rail
Darlington Railway Station
Air
Durham Tees Valley Airport (6 miles)
Situation
Situated one mile to the east of Darlington town centre, the property occupies a prominent roadside position at the junction of Salters Lane and Yarm Road. The property is situated immediately opposite the Darlington Retail Park, which houses retailers such as Homebase, Currys, Furniture Village and DFS.
Tenure
Freehold.
Location
Miles
15 miles south-west of Middlesbrough, 21 miles south of Durham
Roads
A1, A66, A19
Rail
Darlington Railway Station
Air
Durham Tees Valley Airport (6 miles)
Situation
Situated one mile to the east of Darlington town centre, the property occupies a prominent roadside position at the junction of Salters Lane and Yarm Road. The property is situated immediately opposite the Darlington Retail Park, which houses retailers such as Homebase, Currys, Furniture Village and DFS.
Tenure
Freehold.
Description
The property comprises a two storey former semi-detached residential property which has been converted to provide ground floor retail accommodation together with a self-contained one bedroom flat on the first floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a two storey former semi-detached residential property which has been converted to provide ground floor retail accommodation together with a self-contained one bedroom flat on the first floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First
Retail Residential
45 sq m Not measured
(479 sq ft) Not measured
THE CARPHONE WAREHOUSE LIMITED (1)
15 years from 23/03/2007 until 22/03/2022 on a full repairing and insuring lease (2)
£26,577
22/03/2017
Totals
45 sq m
(479 sq ft)
£26,577
(1) For the year ending 29th March 2014, The Carphone Warehouse Limited reported a turnover of £1,783,596,000, pre-tax profits of £90,986,000 and a total net worth of £955,778,000. (Source: www.riskdisk.com 12/09/2014) (2)The lease provides an option to determine on the tenth anniversary of the term.
