The subject development is located on the corner of Skinnergate and Coniscliffe Road in the Historic City of Darlington.
Darlington is fastly becoming an up and coming area attracting young professionals keen to service the likes of large employers such as Argos, EE and Amec who all have head offices in the area. As a result this has also attracted an array of retailers from local independants to national and international shops.
Darlington is also on the mainline rail network and just 4 miles from the A1 motorway, both of which act as major thoroughfayres linking the south to the north and further afield into Scotland.
Planning consent has been granted to convert the first and second floors of this grade 2 listed former Lloyds Bank to form 7 new apartments.
The communal entrance is located within a pedestrianised zone, with stairs leading to the first floor. The first floor conversion will incorporate units 2 & 3, both of which are 2 bedroom single level apartments and units 4 & 5 both of which are 1 bedroom units embracing the extensive roof height with the benefit of a mezzanine lounge.
Apartment 1 will be a duplex one bedroom apartment over the first and second floors. The bathroom and bedroom will be situated on the first floor and the kitchen and lounge will be situated on the second floor.
The second floor accommodation includes units 6 & 7 which are 2 bedroom apartments, having virtually the same layout to units 2 & 3.
All of the units will retain many original features. In addition, the unit benefits from a bike store and ground floor bin store.
Flat 1 (first floor) – 1 bed – 41sqm
Flat 2 (first floor) – 2 bed – 48sqm
Flat 3 (first floor) – 2 bed – 57sqm
Flat 4 (first floor) – 1 bed – 51sqm
Flat 5 (first floor) – 1 bed – 48sqm
Flat 6 (second floor) – 2 bed – 47sqm
Flat 7 (second floor) – 2 bed – 56sqm
Basement cycle store
Ground floor bin store
We understand the property has mains gas, electricity, water and drainage.
999 year lease from 2016. Peppercorn ground rent.
It is envisaged the 2 bedroom apartments will achieve in the region of £130,000 and the one bedroom units will achieve in the region of £100,000, dependant on the level of finish. The gross development value is estimated to be in the region of £800,000.
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
✓ Historic City Centre Former Bank
✓ Planning Consent for 7 Apartments
✓ 4 x 2 bedroom apartments
✓ 3 x 1 bedroom apartments
✓ Anticipated GDV £800,000
✓ Planning Ref 16/00442/FUL
✓ Decision date 11 July 2016
✓ Up and Coming Area
✓ Highly Desirable Location
✓ Close to all amenities
✓ Excellent Transport Links
Phone: 0115 970 6060
Our Ref: PR229