Queen Margarets Road, Scarborough
- PROPERTY TYPE
Light Industrial
- SIZE
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Description
This warehouse has a gross floor area of approximately 8,491 sq ft (788 sqm) including a mezzanine with individual offices and stands within its own grounds with a yard to the rear. The unit has just undergone a scheme of refurbishment in readiness for the new tenant who has agreed to a new 5 year Landlord & Tenant Act lease with a passing rent of £35,000 per annum. This would make it a great investment and offers an initial yield of 7.3% based on the guide price of £475,000
Full Description - The building sits on a site of 0.501 acres (0.203 hectares)
It has a gross floor area of approximately 8,491 sq ft (788 sqm) including a mezzanine with individual offices and stands within its own grounds with a yard to the rear. The unit has just undergone a scheme of refurbishment in readiness for the new tenant who has agreed to a new 5 year Landlord & Tenant Act lease with a passing rent of £35,000 per annum. This would make it a great investment and offers an initial yield of 7% based on the guide price of £475,000.
The property comprises a trade counter and warehouse accommodation incorporating a mezzanine with individual offices.
Externally, the property benefits from car parking to the front elevation and a large concrete surfaced yard area to the rear.
Location - The property is situated to the south of Scarborough and is accessed from Queen Margaret's Road, just off the A64. The A64 is the main arterial road which links Leeds, York and Scarborough and also the national motorway network beyond.
Terms - Freehold sale and subject to the Landlord & Tenant Act lease.
Viewing - Strictly via sole agents Colin Ellis Property Services on .
Rates - We believe the Business Rateable Value for the year ending 2022 / 2023 is £26,750 per annum.
Legal Costs - Each party to bear there own legal costs in dealing with this transaction.
Other - We view all our commercial listings please visit
Brochures
Queen Margarets Road, ScarboroughEnergy Performance Certificates
EPC 1Queen Margarets Road, Scarborough
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Scarborough Station1.2 miles
- Seamer Station1.6 miles
- Filey Station6.1 miles
About the agent
Colin Ellis Estate Agents, Scarborough
49 Aberdeen Walk, Scarborough, YO11 1BD
Colin Ellis Property Services are committed to offering the most comprehensive service in Ryedale, Scarborough and on the East Coast area.
The Partners and Staff offer extensive local and regional knowledge thus bringing friendly yet highly trained marketing skills to each and every property transaction. • Residential Sales • Commercial Sales • Letting Agency • Property Management • Surveys and Valuations
Notes
Disclaimer - Property reference 32324786. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Colin Ellis Estate Agents, Scarborough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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