Parkgate, Darlington

At a glance

Property Details

Ideal investment opportunity! 110 Parkgate contains a one bedroom flat which is currently vacant, along with a business premises currently used as a Nail Bar yielding £400 per calendar month. We expect the flat above to yield a similar rent in the current market. There is an option to retain the current tenant of the Nail Bar.

Parkgate is ideally positioned in central Darlington, just opposite the popular Hippodrome.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the Reservation Period ). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00

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