Carphone Warehouse, 366 Yarm Road Darlington County Durham DL1 1XL

Carphone Warehouse, 366 Yarm Road
Darlington
County Durham
DL1 1XL

Freehold Retail Investment

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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

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

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

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.