3 bedroom commercial property for sale

FREEHOLD INVESTMENT - Bar Street, Scarborough, North Yorkshire YO11 2HT

Sold STC £130,000

Property Description

Full description

Tenure: Freehold

Town centre freehold investment for sale on the popular and quaint pedestrianised retail area of Bar Street. The property consists of a shop on ground and basement floors, and with a self-contained and separately accessed three bedroom maisonette on the upper floors. With potential to receive £12,400 per annum when fully let, this is a great investment which will always let well and is in good order throughout.

LOCATION: Bar Street forms part of the core town centre pedestrianised shopping area, and is a popular street with rarely any vacant retail units. It is home to many quaint and quirky independent retailers including, homewares, a guitar shop, tobacconist, hair and beauty salons, barbers, clothes shops, cafes and a wedding shop. Bar Street also forms a link between the prime Street of Westborough and St Nicholas Cliff where The Grand Hotel is situated and also the cliff gardens with paths down to the South bay and The Spa.

THE PROPERTY: The property is a three storey mid terrace building which consists of a retail shop on the ground floor and basement and a separately accessed three bed maisonette on the upper floors. The shop is currently let on a three year Landlord & Tenant Act lease which commenced in November 2015.

The flat is currently vacant and on the market to let at £450 p.c.m. It is a bright and spacious three bed maisonette over three floors with a lounge/kitchen, modern bathroom and three good sized bedrooms. There is also the benefit of storage space.

THE SHOP: The shop unit is neat and tidy and extends to approximately 240 sqft on the ground floor with a W.C and cloak room. There is also the addition of a basement with lighting and a sink with water supply. The shop is currently let on a Landlord & Tenant lease for a term of X years at a current rent of £7,000 per annum.

THE MAISONETTE: The maisonette is a spacious town centre apartment which benefits from gas central heating via a Worcester combination boiler, double glazed uPVC windows throughout, modern gas and electric meters and consumer unit, a good sized lounge, two large double bedrooms plus a single bedroom, three piece house bathroom with a tiled bath surround, mixer shower over bath and a towel radiator. There is also plenty of storage space within the apartment which is uncommon with town centre flats of this nature.

RATEABLE VALUE: The shop unit has a current Rateable Value of £5,300 and we are informed currently receives 100% rate relief. Interested parties are advised to contact the Local Taxation Department to confirm the rate liability 01723 232323.

COUNCIL TAX BAND: We are advised that the property falls within Band "A", which is currently running at £1,095.37 per annum 2016/17.

VIEWING: Viewings are to be arranged via Colin Ellis Commercial - 01723 363565.

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.


LOCATION 
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Bar Street forms part of the core town centre pedestrianised shopping area, and is a popular street with rarely any vacant retail units. It is home to many quaint and quirky independent retailers including, homewares, a guitar shop, tobacconist, hair and beauty salons, barbers, clothes shops, cafes and a wedding shop. Bar Street also forms a link between the prime Street of Westborough and St Nicholas Cliff where The Grand Hotel is situated and also the cliff gardens with paths down to the South bay and The Spa.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Scarborough (0.3 mi)
  • Seamer (2.9 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 (0.3 mi)
  • Seamer (2.9 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 109901. 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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