Commercial Property for sale

13 Market Place, Guisborough, TS14 6BN

Offers in Region of £450,000
4,001 sq. ft.

Property Description

Commercial information

  • Use class orders: A1 Shops, A2 Financial and Professional Services, A3 Restaurants and Cafes and B1 Business

Key features

  • INVESTMENT FOR SALE
  • Located in the popular market town of Guisborough
  • Substantial two storey building with parking to the rear
  • Currently arranged to provide banking hall premises
  • Grassed area to the rear that could be redeveloped

Full description

Tenure: Freehold

Location
The property is situated on the east side of Market Place, opposite the Market Cross and on the junction with Church Street and Bow Street

The property is located close to Guisborough Priory and the surrounding Dovecote Building and within the predominantly retail area on Westgate. Businesses close by include Reed Rains, Coral and Fatso's.

Guisborough is a popular market town approximately 10 miles to the south east of Middlesbrough.

Description
The premises comprise a substantial two storey building with attic conversion of traditional brick construction under a pitched and hipped slate covered roof. Internally the ground floor is currently arranged to provide banking hall premises for the NatWest Bank and have been extended to the side and rear elevations.

Internally the first and second floors provide reception area offices, conference / meeting room, staff facilities and has a separate entrance to the side of the building.

Externally to the rear of the premises is hardcore parking and grassed area providing a potential opportunity as development land.

Access to the rear car park and development land is via a narrow archway directly off Market Place.

Accommodation
Ground floor & banking hall - 2,438 sq. ft
First floor offices - 1,284 sq. ft.
Second floor offices - 279 sq. ft.
TOTAL - 4,0001

Occupancy
The first floor is held by way of a lease to DTW Ltd dated 30/11/2007 for a term of 15 years on a effective full repairing and insuring basis. Rent reviews are 5 yearly.

Current rent passing is 12,000 per annum.

The ground floor is held by way of a lease to National Westminster Bank dated 27/02/1999 and expiring on 27/02/2019 on an effective full repairing and insuring basis.

Current rent passing is 22,400 per annum.

Rates
The Valuation Office website shows a 2017 rateable value of 13,250 per annum for the ground floor and 8,800 for the upper floors.

The current UBR (Uniform Business Rate) is 47.9 pence in the pound for the 2016-2017 period. Enquiries regarding the actual amount payable should be directed to Redcar & Cleveland Council on 01642 774774.

Terms
Leasehold
The ground floor is immediately available to let by way of a new full repairing and insuring lease for a term of years to be agreed.

Rental offers are invited based on 22,500

Freehold
Freehold offers as a whole are invited based on 450,000

VAT
All offers where made silent of VAT, will be deemed to be exclusive thereof.

Legal Costs
Each party to bear their own legal costs in connection with this transaction.

Further Information
Strictly through the Sole Agents Dodds Brown.


More information from this agent

Nearest stations

  • Longbeck (3.8 mi)
  • Marske (3.8 mi)
  • Kildale (4.1 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Longbeck (3.8 mi)
  • Marske (3.8 mi)
  • Kildale (4.1 mi)
Distances are straight line measurements from centre of postcode

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