32 High Row Darlington Durham DL3 7QW

  • 32 High Row<br>Darlington<br>Durham<br>DL3 7QW

32 High Row
Darlington
Durham
DL3 7QW

Freehold Retail Investment

  • Let to Optical Express Limited
  • 2018 break option not exercised
  • Town centre location
  • Directly opposite the entrance to Cornmill Shopping Centre with occupiers including Primark, Topshop, JD Sports, Dorothy Perkins, Burger King and Costa Coffee
  • Other neighbouring occupiers include Poundland, Greggs, Barclays, Santander, NatWest and Boots Chemist
  • Lot
    78
  • Auction
    5th December 2018
  • Rent
    £27,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Let to Optical Express Limited
  • 2018 break option not exercised
  • Town centre location
  • Directly opposite the entrance to Cornmill Shopping Centre with occupiers including Primark, Topshop, JD Sports, Dorothy Perkins, Burger King and Costa Coffee
  • Other neighbouring occupiers include Poundland, Greggs, Barclays, Santander, NatWest and Boots Chemist
  • Lot 78
  • Auction 5th December 2018
  • Rent £27,500 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
14 miles west of Middlesbrough
18 miles south of Durham
37 miles south of Newcastle
Roads
A68, A167, A66, A1(M)
Rail
Darlington Railway Station
Air
Durham Tees Valley Airport
Situation

The property is prominently located in the heart of the town centre, on the west side of High Row, directly opposite the entrance to Cornmill Shopping Centre where occupiers include Primark, Topshop, JD Sports, Dorothy Perkins, Burger King and Costa Coffee. Other neighbouring occupiers include Poundland, Greggs, Barclays, Santander, NatWest and Boots Chemist.

Tenure

Freehold.

Location
Miles
14 miles west of Middlesbrough
18 miles south of Durham
37 miles south of Newcastle
Roads
A68, A167, A66, A1(M)
Rail
Darlington Railway Station
Air
Durham Tees Valley Airport
Situation

The property is prominently located in the heart of the town centre, on the west side of High Row, directly opposite the entrance to Cornmill Shopping Centre where occupiers include Primark, Topshop, JD Sports, Dorothy Perkins, Burger King and Costa Coffee. Other neighbouring occupiers include Poundland, Greggs, Barclays, Santander, NatWest and Boots Chemist.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation and ancillary accommodation on the two upper floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk.

Description

The property comprises ground floor retail accommodation and ancillary accommodation on the two upper floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor Use
Floor Areas (Approx)
 Tenant Term Rent p.a.x Reversion
Ground
First
Second		 Retail
Ancillary
Ancillary
54.35 sq m
44.96 sq m
38.46 sq m
(585 sq ft)
(484 sq ft)
(414 sq ft)
 OPTICAL
EXPRESS
LIMITED (1)		 10 years from
01/01/2013 on a full
repairing and
insuring lease (2)		 £27,500 31/12/2022
Totals
137.77 sq m
(1,483 sq ft)
     £27,500  

(1) Optical Express was established in 1991 and currently operates from over 100 clinics across the UK (www.opticalexpress.co.uk).
(2) The lease is subject to a schedule of condition.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Sintons LLP The Cube, Barrack Road
Newcastle upon Tyne
NE4 6DB
David Naughten 0191 226 3647David.Naughten@sintons.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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