Planning approved for two shops and five apartments, ready for refurbishment and income generation.
Approximately 4,000 sq ft over four floors
A substantial four-storey Victorian freehold building in Darlington town centre, offered with vacant possession. The property extends to approximately 4,000 sq ft across ground-floor retail and upper-floor office levels, with notable period features including high ceilings, large rooms and exposed brickwork that retain strong character and appeal.
Planning permission (ref: 23/01278/FUL) has been granted for conversion to two retail shops and five apartments, including Nutrient Neutrality credits for the new residential units. That consent creates a clear route to an income-producing mixed-use scheme and reduces planning risk for redevelopment to residential-led uses.
The building will require modernization and internal refurbishment to complete the approved conversion or to repurpose the upper floors back to contemporary offices. The town-centre location offers good footfall and excellent mobile signal, but investors should factor higher crime rates and significant local deprivation into lettings strategy and insurance costs.
Sold freehold at a guide price of £325,000 with no VAT election. Interested parties should verify business rates, service responsibilities and make their own enquiries with the local planning authority if different uses are considered. An early inspection is recommended to assess conversion costs and residual development potential.
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