Retail Property (High Street) in Darlington

16 Post House Wynd, Darlington, County Durham DL3 7LU
  • Property Type: Retail Property (High Street)
  • Contract Type: Unconditional with Variable Fee

Guide Price* £90,000+ plus fees

Property Description

A two storey town centre retail investment premises of traditional brick construction held beneath a dual pitched and tile covered roof. The property is well-appointed throughout incorporating attractive glazed window frontage at ground floor level secured via steel electric shutters. The ground floor comprises an open plan and versatile sales area with rear sales/store and incorporates a suspended ceiling with spotlighting. There is an additional sales area on the first floor with two offices/ stores and kitchen/ wc. The property is presently occupied and T/A So Unique (furniture sales). Ground Floor 83.41sq.m. 898sq.ft. First Floor 54.55sq.m. 587sq.ft. Net Internal Area 137.96sq.m. 1,485sq.ft. The premises is held on the current lease terms: Term: 4 years commencing 09/06/23 (Expires 08/06/27) Break: 09/06/25 Rent: £12,500pax Repairs: Full Repairing and Insuring L&TA54: Protected Yield at guide 13.88% Post House Wynd is a popular retail thoroughfare linking Skinnergate with High Row in the heart of Darlington town centre. Post House Wynd incorporates a diverse variety of businesses including shops, cafes/ restaurants and professional services. All other town centre amenities are within convenient walking distance and there are a number of public car parking facilities available close by. Darlington is a popular market town approximately 14 miles west of Middlesbrough, 20 miles south of Durham and 30 miles south of Newcastle with swift transport links across the region via A66 and A1(M). TENURE Freehold - subject to tenancy. Tennant has exercised their break clause. Interested parties area advised to inspect the legal pack form more information.

Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 21st November 2024

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

16 Post House Wynd, Darlington, County Durham DL3 7LU