Alma House, 49 West Auckland Road Cockerton, Darlington, DL3 9EL

FOR SALE – Price £195,000

Investment Opportunity

www.carvercommercial.com

SITUATION/LOCATION TENANCY INFORMATION VAT The property is situated within the popular Unit A VAT is payable on the purchase price. The residential/shopping district of Cockerton Village Tenant - Michael Peart and Steven Peart (Village transaction will be treated as a transfer of going which lies approximately 1.5 miles north west of Optician) concern. Darlington town centre. The Cockerton area has 10 year efri lease, WEF October 2012, no breaks, rent th expanded considerably within the last 15 years review after 5 year (no increase). VIEWING with the development of West Park Village Rent passing £8,750 per annum plus service charge Strictly by appointment only through agents.

incorporating circa 700 residential properties, Unit B ENERGY PERFORMANCE ASSET RATING hospital and school and more recently Marks and Spencer Simply Food and Aldi Supermarket. Tenant – First Flowers Ltd, guarantor Mark Fox Unit A - E-123

West Auckland Road is a main arterial road to 7 year efri lease WEF November 2015, break option Unit B - E-107

the A1M at Junction 58 approximately 1.9 miles May 2019 (subject to 6 months prior written notice). distant. Cockerton is well served by a variety of Rent review November 2017 (no increase) shops and amenities within convenient walking Rent Passing £7,000 per annum plus service charge distance. Total Rental Income £16,150 per annum (exclusive) PREMISES Alma House was originally a local public house The four apartments are each on 125 year leases and converted by our client approximately 7 paying annual ground rent in advance of £100 per years ago providing 2 self contained ground floor annum. shops and 4 apartments on the upper floors. SERVICE CHARGE TENURE All tenants pay an annual maintenance service charge Freehold in advance based upon one sixth of anticipated annual expenditure. The breakdown of these costs

are available upon request. ACCOMMODATION Retail Unit A MANAGEMENT

Sales 57.09sq.m. (596sq.ft.) The purchaser will take over the estate management

Stores 12.37sq.m. (133sq.ft.) of the property presently handled by an independent

WC management company on behalf of our client. Annual st st Cellar (Restricted Access) management fee for period 1 June 2018 – 31 May 2019 £805. Retail Unit B Sales 32.87sq.m. (354sq.ft.) RATEABLE VALUE Store 9.72sq.m. (105sq.ft.) The Valuation Office Agency website lists the rateable WC value with effect from April 2017 as follows:- Cellar Storage 35.28sq.m. (379.6sq.ft.) Unit A £8,600 Unit B £ 5,000

18 St Cuthberts Way IMPORTANT NOTICE: whilst every reasonable effort has been made by Carver Commercial to ensure accuracy, interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice. (i) No description or information given Darlington, about the property or its value, whether written or verbal or whether or not in these particulars (‘information’) may be relied upon as a statement of representation or fact. The Agent nor its employees have any authority to make any representation and accordingly any information given is entirely without responsibility on the part of County Durham the Agent or the seller/lessor. (ii) Any photographs show only certain parts of the property at the same time they were taken. Any areas, measurements or distances given are approximate only. (iii) Any reference to alterations to, or use of any part of the property is not a statement that any necessary planning, building regulations or other DL1 1GB consent has been obtained. These matters must be verified by any intending buyer/lessee. (iv) Any buyer/lessee must satisfy himself by inspection or otherwise as to the Telephone: 01325 466945 correctness of any information given. (v) VAT is applicable unless expressly stated otherwise.