Restaurant for sale

Rooms

Location
Situated on Northgate, one of Darlington’s most established commercial streets, the property benefits from: - Strong pedestrian and vehicular footfall - Proximity to other bars, restaurants, retail and professional services - Easy access to Darlington town centre amenities and transport links

Accommodation
The property is laid out to support high-capacity restaurant use, with two floors of dining space, allowing for flexible covers, private dining, or event hosting. The fully equipped bar area is ideally positioned to serve both dining floors. A commercial kitchen and preparation room are fitted with catering equipment suitable for immediate reoccupation (subject to testing and compliance), offering a turnkey opportunity for restaurateurs or hospitality operators. WC facilities are located on the ground floor/basement level, servicing customer areas efficiently. To the upper level, the property benefits from additional office accommodation, ideal for: Owner-occupier management space - Staff offices - Storage or admin use - Potential alternative ancillary uses (STP)

Tenure
Freehold. Title number DU27109.

Rateable Value
Current rateable value £6,200(1 April 2023 to present). Future rateable value £7,200 (1 April 2026). Sourced from VOA

EPC
We await a copy of the energy performance certificate.

Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.