This significant freehold commercial property is situated in the vibrant center of Darlington, spanning four floors and encompassing two retail units on the ground floor alongside office space above. The layout provides an excellent opportunity for renovation and investment, particularly given the existing conditions that include a separate entrance for the upper levels.
The property has received planning approval (ref: Planning Application: 23/01278/FUL) for conversion into two retail shops with five residential apartments on the upper floors. This presents a promising avenue for developers looking to capitalize on the demand for mixed-use spaces in this bustling area. Additionally, plans include provisions for Nutrient Neutrality credits applicable to the new residential units, which may streamline future developments.
Located in a prime area with foot traffic and community engagement, this commercial space holds potential for various redevelopment schemes, subject to relevant planning permissions. The building's configuration and its established presence in the town center make it an appealing option for investors aiming to harness both retail and residential rental income.
The property is available as a freehold with vacant possession, providing flexibility for immediate occupation or redevelopment. Interested parties are encouraged to consult with local authorities regarding any further planning proposals or inquiries related to zoning changes. A viewing is recommended to fully appreciate this property's potential as both an investment and a redevelopment opportunity.
