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Commercial Property for sale

27 St Thomas Street, Scarborough, YO11 1DY

Withdrawn from Market £25,000

Property Description

Key features

  • BUSINESS OPPORTUNITY
  • NEWSAGENTS/CONVENIENCE STORE
  • LOW OVERHEADS
  • EPC RATING BAND-D

Full description

We are pleased to bring this busy newsagents / convenience store to the market on behalf of the current leaseholder. The business is one of only a very small handful serving the town centre and is only coming to the market because of retirement. LOW OVERHEADS - The rent is £5,200pa (£100 per week) and currently there are no business rates to pay. This is a fantastic opportunity for someone who is looking for a career change and to be their own boss.


Business Rates: 
The property has been assessed as follows: RV - £4,050 We believe the property qualifies for 100% rates relief for the current financial year. Prospective purchasers are advised to make their own enquiries with regards to Business Rates via the Local Authority Rating Department on 01723 232323.

Terms: 
The business is available to purchase as a going concern at a figure of £37,000 + Stock at Valuation (SAV).

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

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

Property Reference: 
ESC 9907/JW/AM/170915

Viewings: 
Via the sole agents: Joe Walker MRICS 01723 352235 joe@cphproperty.co.uk

Description: 
This leasehold retail unit occupies the ground floor of a brick & slate constructed 3 storey property with a florists lying adjacent and a maisonette above. The unit benefits from a good display frontage and sales area to the front together with a storage facility and tea preparation facility to the rear. This property and the florists share a communal toilet to the rear.

Accommodation: 
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition and can confirm the following approximate Net Internal Areas: Sales: 22.75 sq m (245 sq ft) Storage: 8.66 sq m (93 sq ft) Total: 31.41 sq m (338 sq ft)

Planning: 
A1 (Retail)

The Lease: 
The unit is let on a new 6 year Internal Repairing and Insuring (IRI) lease at a passing rent of £5,200pa. The lease is available to view at our office to seriously interested parties.

The Business: 
The business enjoys a healthy turnover and we feel there is potential for this to be increased upon should any prospective new owner wish to look at incorporating an off license subject to gaining the necessary planning permission. The accounts are available to view at our office for serious parties.

More information from this agent

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