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Commercial Property for sale

Bar Street, Scarborough, YO11 2HT

Withdrawn from Market £49,500

Property Description

Key features


Full description

CPH COMMERCIAL are delighted to bring this long established business to the market on behalf of the current leaseholder. The tenant has been in situ for over 33 years and has just signed a new renewable 3 year Internal Repairing & Insuring (IRI) lease with the passing rent being £6,500pa (£541.67pcm). The owner is only disposing due to a well-deserved retirement and is not seeking an ingoing; however would be looking for her stock to be bought at valuation. This is a great opportunity to take over a well-established business and trade from these fantastic shop premises. This opportunity may suit retailers of other goods or services subject to the current stock being purchased.

Business Rates: 
The property has been assessed as follows: RV - £10,500 We understand the current rates payable for the 2015/16 financial year amount to circa £4,945pa. Prospective tenants are advised to make their own enquiries with regards to business rates payable

All figures quoted are exclusive of VAT however, our client reserves the right to charge VAT if applicable.

Via the sole agents: Joe Walker MRICS 01723 352235

Property Reference: 
ESC 9918/JW/AM/021015

Scarborough is an established commercial, tourist and retail centre, lying approximately forty miles east of York with a resident population of some 81,000 and a district population around 110,000 (sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principle resorts on the north east coast, attracting an estimated 7 million visitors a year. The shop forms part of an attractive brick constructed terrace and is located on the south eastern side of Bar Street. The property lies in close proximity to Scarboroughs Hotel District with the following being noted with the close vicinity: Premier Inn (74 Rooms) Soon to be increased Travelodge (140 Rooms) Grand Hotel (411 Rooms) Royal Hotel (118 Rooms) Palm Court Hotel (40 Rooms)

The property comprises of a double fronted retail unit contained within an attractive 3 storey mid terrace brick constructed building. The unit is entered via a central timber and glazed entrance door, set either side of two large timber framed display windows. The unit benefits from an extensive sales area which has been tastefully finished and a small store room together with a single toilet cubicle and tea prep area are located towards the rear of the shop.

A1 (Retail)

The Lease: 
The unit held on a new 3 year, Internal Repairing & Insuring (IRI) lease at a passing rent is £6,500pa (£541.67pcm). We are looking to assign our clients leasehold interest and any assignment is subject to gaining landlord consent.

The Business: 
Accounts for the business are available to view at our offices for seriously interested parties.

Energy Performance Certificate: 
Band TBA. The full EPC and Recommendation Report are available to view at our office.

More information from this agent

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