Barnett Ross Auctioneers and Chartered Surveyors in London

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Located close to the junction with Duke Street on the west side of Skinnergate which is one of the town's main trading thoroughfares and amongst such multiples as Sharps, Greggs, Savers, Subway, Oxfam and Coral.
Darlington is a well established market town which lies some 14 miles west of Middlesbrough on the A66 and served by the A2(M) (Junction 58).

A modern mid-terraced building comprising a Large Ground Floor Retail Unit with Ancillary Storage at First Floor. In addition, the property includes a rear Service Yard accessed via Raby Terrace.

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FREEHOLD

Ground Floor Retail Unit
Gross Frontage 56'2"
Built Depth 110'8"
Ground Floor Sales Area Approx 5,000 sq ft
First Floor
Ancillary Store Area Approx 4,077 sq ft
Staff Area Approx 186 sq ft
Total Area Approx 9,263 sq ft

*Not inspected by Barnett Ross. Areas and measurements supplied by Vendor.

The entire property is let on a full repairing and insuring lease to Argos Ltd (having over 700 branches) (T/O for Y/E 28/02/09 £4.06bn, Pre-Tax Loss £194m and Net Worth £1.05bn) for a term of 25 years from 25th March 1984 (holding over) at a current rent of £54,000 per annum exclusive.

Note: A Section 25 Notice was served on 17/09/08 on Argos Ltd terminating the tenancy at 24/03/09 and offering a new lease for 10 years at £69,750 p.a. with 5 yearly rent reviews.