KING STREET, DARLINGTON, COUNTY DURHAM, DL3

SOLD BY ALLIED
KING STREET, DARLINGTON, COUNTY DURHAM, DL3
Asking price: Undisclosed

A former NHS Hospital and Health Centre which was sold by Allied Property on behalf of an off-shore fund. The upper parts of the hospital had Permitted Development Rights granted for conversion of the building into 30 flats. The medical areas had undergone total refurbishment with interest in place from various medical users. Behind the hospital, there is also a large car park with the potential for our client to create a new building with some further flats.

This building was purchased by a very entrepreneurial client of Allied Property who often sees value where others fail to do so. Since completion of the sale, the purchaser has achieved planning for a further 18 units and effected a pre-let of the medical areas. Where other agents are often looking for ‘cheap deals’ as they are presented, Allied Property also focus on dealing with clients who are prepared to work hard to maximise the potential of buildings which are often overlooked by other buyers and their agents.

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