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Commercial Property for sale

Freehold Investment - South Street, Scarborough, YO11 2BP

Sold by Us £79,950

Property Description

Full description

Tenure: Freehold

We are delighted to be able to offer this attractive commercial freehold investment situated on the South Cliff side of Scarborough town. Trading as the well established, 1930's themed "Francis Tea Rooms" with unique period interior and excellent trip advisor reviews. The unit generates a good income with a current L & T Act lease in place.

LOCATION: This property is situated on the South cliff side of town and just around the corner from the Esplanade. From Scarborough railway station turn onto Valley Bridge Parade leading onto Ramshill Road. Turn left onto Albion Road and then right onto South Street with the property situated on the right hand side.

THE PROPERTY: Ground floor and lower ground floor lock up unit within a 4 storey mid terrace building arranged as a tea rooms on the ground floor with kitchen and store at lower ground floor level.

CAFE AREA: 39ft 5 inches x 12ft 6 inches [12.01 x 3.81 m]

LOWER GROUND FLOOR: 28ft 9 inches x 10ft 8 inches [8.76 x 3.25 m]

TENURE: We are informed that the Freehold of the whole building is included with the sale with a long term lease held on the maisonette above that currently pays a peppercorn rent.

Francis cafe have a Landlord and Tenant Act lease that commenced in September 2012 and is for a term of 10 years. A copy of the lease is available at request to bona fide applicants.

RENTAL INCOME: The current passing rent is £6,000 per annum exclusive of rates and services and is subject to a rent review in year 5 that is linked to the Retail Price Index.

LEGAL FEES: Each party to bear their own costs on any legal fees incurred in the transaction.


EPC RATING: D

NOTES: The property has recently been Grade II listed. Full details can be obtained on the Historic England web site or by following the link,

http://list.historicengland.org.uk/resultsingle.aspx?uid=1419216&searchtype=mapsearch

The former Francis hairdresser's shop is listed at Grade II for the following principal reasons: * Shop front and fittings: for the rare, well preserved survival of an interwar hairdresser's retaining good quality signage and internal joinery, particularly the individual booths; * Social history: an architectural illustration of the way that commercial hairdressing took over from personal lady's maids with the decrease in the numbers of domestic servants after the First World War.



COMMERCIAL DISCLAIMER: Unless otherwise stated, all prices and rentals quoted are exclusive of any VAT to which they may be subject. Specific enquires should be made of the vendor/landlord for clarification prior to entering into any arrangement or agreement. These particulars are a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer of contract. Colin Ellis Property Services cannot guarantee the accuracy of any description, dimensions references to condition, necessary permission for use and occupation and other details contained herein and prospective purchasers or tenants must not accept as statement of fact or representation and must satisfy themselves as to their accuracy. The reference to any plan, machinery, equipment, devices, fixtures, or fittings at the property shall not constitute a representation unless otherwise stated as to the state or condition or that it is capable of unfulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as the fitness of such items for their requirements. Colin Ellis Property Services will not be liable in negligence or otherwise nor anyone arising from the use of these particulars. No employee of Colin Ellis Property Services has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property.


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