Summary - 86a, North Road, DARLINGTON DL1 2EQ
1 bed 1 bath Commercial Property
**Standout Features:**
- Mixed-use investment with ground floor shop and 4 residential flats
- Prime location fronting A167, close to major retailers like Morrisons and Aldi
- Current gross annual income of £42,940, with potential increase to £44,362
- Net initial yield over 10%, offering attractive investment returns
- Large overall size of 4,423 sq ft, providing ample space for rental or retail opportunities
- Double glazed windows, enhancing energy efficiency
**Potential Concerns:**
- Property lacks significant insulation due to solid brick walls
- High crime rate in the area may affect tenant desirability
- Local area classification reveals high deprivation levels which could impact rental income stability
**Summary:**
This impressive mixed-use investment property comprises a prominent shop and four residential flats, making it a lucrative opportunity for savvy investors. Located along the bustling A167, just a mile from Darlington town center, the property boasts a strong rental income and a competitive yield exceeding 10%, ideal for those seeking to diversify their investment portfolios. The commercial space is currently set up for retail, featuring large, high-ceiling areas that could cater to various businesses, especially in the wellness and beauty sectors.
While the property highlights transformation potential and existing rental income, buyers should be mindful of the property's construction which lacks insulation and its high crime area designation, as these factors could influence long-term rental sustainability. Additionally, with families nearby and key amenities such as schools and grocery stores within reach, this property offers both rental and renovation potential, making it an appealing investment on the market right now. Don’t miss out on capitalizing on this unique opportunity!
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