Retail premises for sale

Blackwellgate, Darlington DL1

Summary

For sale via secure sale online bidding - terms and conditions apply.

38 Blackwellgate is a part-let, modernised mixed-use property comprising a ground floor retail unit, first-floor office accommodation, and a three-bedroom flat to the rear, offering an attractive investment opportunity. The property benefits from external storage and secure rear vehicular access, with up to 10 on-site parking spaces
available. In addition, the rear of the building offers potential for the creation of an additional commercial unit, STP.
The ground-floor retail unit benefits from a prominent shopfront with ancillary storage to the rear. The first-floor office accommodation comprises six private offices, complemented by open space suitable for a reception or waiting area, a shared kitchen, and well-appointed male and female WC facilities, including a shower.
The ground-floor retail unit is occupied by F.r.i.e.n.d.s Convenience Store, producing a passing rent of 24,000 per annum.
The first-floor office accommodation is let to Camperdown Financial (Scotland) Ltd, generating a passing rent of 18,000 per annum.
The three-bedroom flat to the rear of the building produces a passing rent of 12,000 per annum

This building is prominently located on Blackwell Gate, within Darlington's well established mixed-use area and principal town centre retail district. The surrounding area offers a diverse range of amenities, including a strong selection of independent retailers, the Cornmill Shopping Centre and House of Fraser. A variety of cafs, restaurants and public houses are located immediately opposite and nearby, including Uno Momento, all within easy walking distance.
The property benefits from excellent public transport connections, with multiple bus services serving the town and surrounding areas. Darlington Train Station provides mainline rail services, offering direct connections to London, York, Leeds and Newcastle

Please note we have not inspected the property.

Location

This building is prominently located on Blackwell Gate, within Darlington's well established mixed-use area and principal town centre retail district. The surrounding area offers a diverse range of amenities, including a strong selection of independent retailers, the Cornmill Shopping Centre and House of Fraser. A variety of cafs, restaurants and public houses are located immediately opposite and nearby, including Uno Momento, all within easy walking distance.
The property benefits from excellent public transport connections, with multiple bus services serving the town and surrounding areas. Darlington Train Station provides mainline rail services, offering direct connections to London, York, Leeds and Newcastle

Accommodation

Ground - Retail Shop - 883sqft - 82.03sqm - Occupied
Ground - Rear Storage - 592sqft - 55sqm - Occupied
Ground - Unit 1 (Rear) - 393sqft - 36.51sqm - Available
1st - Offices with Staff Facilities - 1,442sqft - 133.97sqm - Occupied
1st - Three-Bedroom Flat 883sqft - 82.03sqm - Occupied
Outdoor - Parking for up to 10 Spaces - 2,670sqft - 248.05sqm - Occupied
Total 6,863 637.59

Rental Amounts

Ground Floor retail (F.r.i.e.n.d.s) - 24,000 per annum.
First Floor office (Camperdown Financial) - 18,000 per annum
Three - bed flat - 12,000 per annum.
Additional ground floor rear unit currently vacant. 10-space parking mainly occupied by the tenants of the above.

Tenure

Freehold. Title number DU99462.

EPC

38 Blackwellgate - Rating B
Office 1,38 Blackwellgate -Rating B
Full reports available upon request

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.