2-8 Clarks Yard - Storefront Retail/Residential FOR SALE


Darlington, DUR DL3 7QH
$415,000 USD
132-580-8514
2-8 Clarks Yard, Darlington, DUR for Sale
$415,000 USD
Storefront Retail/Residential - FOR SALE
1/26
null | Request Cap Rate

2-8 Clarks Yard
Darlington, DUR DL3 7QH


HIGHLIGHTS

  • £22,380 per annum income with further potential for development
  • Grade II Listed
  • Over 250 years old dated 1767
  • Darlington's infamous "Clarks Yard"
  • Unused 2nd floor and basement potential
  • Alternative uses (STP)
  • Income producing Asset Management/Development opportunity
  • ///venues.wizard.goods

OVERVIEW

The whole building shares pedestrian access to the wider Clark’s yard just off High Row, providing limited vehicle access for deliveries, through the adjoining narrow access paths onto Skinnergate Road, this building does dominate and is a very attractive and the main building situated in Clarks Yard. The property is located in the heart of Darlington’s Town business center and approx. no more than a 1 mile west of Darlington Main line train station, this building is situated within a well-established traditional retail/leisure area of the Town. Unique Opportunity to acquire one of the oldest buildings in the famous "Yards" of Darlington Town Centre. The property comprises currently five small retail/workshop units over ground and first floors the building was constructed in 1767 over 250+ years old, one of very few left of "old Darlignton" featuring traditional brick/block walls and a pitched roof. This property was last on the market around 40 years ago and in the early 1990’s, substantial lovingly redevelopment works were carried to match and enhance its Grade II listed status to bring into modern standard at the time for commercial use. Units 2, 6 & 8 are located on the ground floor and provide space ranging individually from 231 - 352 sqft, with their own wc or staff areas. These units have their own entrance doors, trading as a Gent’s barbers, Gift shop (opening in May 25) and a Cheese & Wine shop. The first floor provides a further two commercial units a Beauty parlour/Saloon and a Tattoo studio, these units share an internal first floor WC and and storage area. There is further unutilised space that has never been developed by the current owners on the second floor, which runs the whole length of this parade of units as well as unused basement space that may be able to be used for commercial use. All units are let producing £22,380 per annum, this site offers opportunities to refurbish or redevelop with substantial scope for further rental increases . £22,380 per annum income with further potential for development Grade II Listed Over 250 years old dated 1767 Darlington's infamous "Clarks Yard" Unused 2nd floor and basement potential Alternative uses (STP) Income producing Asset Management/Development opportunity ///venues.wizard.goods All viewings via the agents We have been informed that this building has not been elected for VAT purposes.

FOR SALE DETAILS

PRICE

$415,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1824

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris BlackAlign Property Services LtdMore Info
132-580-8514

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chris BlackAlign Property Services LtdMore Info
132-580-8514

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.