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For Sale£450,000.00

31, Grange Road, Darlington, DL1 5NB

Retail, Offices, Flat, General Retail, Office, Mixed Use, Residential, Other Property Types & Opportunities
Property type: Retail, Offices, Flat, General Retail, Office, Mixed Use, Residential, Other Property Types & Opportunities
Tenure: Development Opportunity, Investment Opportunity, For Sale Freehold
Price: £450,000.00
Location: 31 Alton House, Grange Road, Darlington, DL1 5NB
Investment/Development/Owner Occupation Opportunity
Prominent two storey building with extensive frontage along Grange Road in the heart of this thriving West End location of Darlington town centre. Constructed circa mid 19th Century of brick construction the property has a covered entrance to Alton House upper floors together with ground floor retail/cafe premises with excellent shop frontage. The offices on the first and second floors are well appointed incorporating suspended ceilings, dado trunking, sealed unit double glazing and gas fired central heating. Externally there is the benefit of block paved car parking for the offices to the rear for a minimum of 6 cars accessed via Beaumont Street. Present rents received £49,500 per annum. Ground floor shop tenant is holding over on full repairing and insuring terms. The first/second floor offices are occupied by a single tenant with a lease expiry in December 2018. With vacant possession the upper floors offer alternative potential uses including conversion to apartments. A brief plan has been drawn to show 1, 1 bed studio and 5, 3 bed apartments are possible including the car parking space to the rear for residents. Any change of use is subject to the necessary local authority approvals. Viewing the property is strictly by appointment only through sole agents.
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