Commercial Property for sale

Arundel Place, Scarborough, YO11 1TX

Guide Price £239,950

Property Description

Full description

Tenure: Freehold

FREEHOLD OFFICE INVESTMENT let to Trillium (Prime) Property GP Ltd and occupied by the Department for Work and Pensions (DWP) for a term ending 1 April 2018. They have been in occupation since May 2001 and prior to that has been government occupied since 1976. Allowing for a Consumer Price Index (CPI) rent review on the 18th November 2016, the rental will be £13,000 per annum exclusive.The building stands on a site of approximately 6,200sq.ft and includes car parking to the front. Internally the accommodation briefly comprises a ground floor area of approximately 148 sqm (1,593 sq ft), a first floor of 147 sqm (1,588 sq ft) and 51 sqm (558 sq ft) on the second floor. The building does offer development potential in the future and may suit conversion into flats (subject to local authority approval).

LOCATION: Scarborough is a busy seaside resort on the coast of North Yorkshire approximately 40 miles to the east of York, and 19 miles south of Whitby. Scarborough and the surrounding areas has a population of approximately 100,000 (2015), which increases hugely during peak summer months.

The property is situated on Arundel Place which is located just off the main A171 Falsgrave Road into the town centre and is less than 500m from the main pedestrianised shopping precinct.

THE BUILDING: The property comprises a three storey building that is fully let to TRILLIUM (PRIME) PROPERTY GP LIMITED who only appear to use the ground floor area at present, which is arranged as office accommodation.

The property provides the following accommodation and dimensions:
Ground Floor 148 sqm (1,593 sq ft)
First Floor 147 sqm (1,588 sq ft)
Second Floor 51 sqm (558 sq ft)

GROUND FLOOR:

FIRST FLOOR:

SECOND FLOOR:

TENANCY: The entire property is at present let to Trillium (Prime) Property GP Limited for a term of years beginning on, and including 18th November 2012 and ending on, and including 1st April 2018 at a current rent of, £13,000 per annum exclusive of rates.

The lease provides for a rent review on 18th November 2016 and this is linked to the Consumer Price Index (CPI). The figure suggested above is the rent after review.

The lease is an Internal Repairing and Insuring lease and the tenants have been in occupation since May 2001.





VIEWING:

INVESTMENT: * Scarborough is a popular seaside town that benefits from a strong tourism industry.
* Current passing rent of £13,000 per annum
* Possible Development potential in the future
* Tenants have been in occupation since 2001
* Lease expires in April 2018


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.


More information from this agent

Nearest stations

  • Scarborough (0.2 mi)
  • Seamer (2.6 mi)
  • Filey (6.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colin Ellis Estate Agents, Commercial

49 Aberdeen Walk, Scarborough, YO11 1BD

01723 315030 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Colin Ellis Estate Agents, Commercial

49 Aberdeen Walk, Scarborough, YO11 1BD

01723 315030 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Scarborough (0.2 mi)
  • Seamer (2.6 mi)
  • Filey (6.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colin Ellis Estate Agents, Commercial

49 Aberdeen Walk, Scarborough, YO11 1BD

01723 315030 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 110127. 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, Commercial. 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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