3 bedroom commercial property for sale

Freehold Investment - Victoria Road, Scarborough, North Yorkshire YO11 1SP

£110,000

Property Description

Full description

Tenure: Freehold

Mixed use town centre investment property for sale with quality long term sitting commercial tenants on the ground floor and a separately accessible self-contained three bedroom maisonette on the upper floors. The property has potential to provide a good return on investment when fully let and in our opinion is priced sensibly.

LOCATION: The property is situated on the top section of Victoria Road surrounded by other independent retailers and many residential houses in the terraced streets nearby. The property is conveniently within 100 yards of the train station and is just a few minutes walk to the town centre.

GROUND FLOOR OFFICE: The ground floor accommodation is currently used as an office providing two spacious rooms with a kitchen and W.C to the rear. The unit is in good condition and decorative order throughout, has a double bay glass window frontage, carpeted floor covering, wall mounted electric heaters and part double glazed windows. The kitchen has some floor units and a stainless steel sink with drainer.

ENTRANCE DOOR TO APARTMENT: The entrance door to the maisonette is to the rear of the property at ground floor level within the rear yard, via the back alley which is accessed off Tindall Street.

FIRST FLOOR ACCOMMODATION: On the first floor there is a hallway, kitchenette, bathroom, bedroom and lounge. The lounge is spacious and has an original tiled fire place, large bay window letting in lots of natural light and a radiator. The bedroom is a double room with built in wardrobe, radiator and a large window to the rear. There is also a unit within the bedroom housing the gas combination boiler. The bathroom has a three piece white suite, tiled bath surround, vinyl flooring and a radiator. The kitchenette consists of a range of floor and wall units, worktop, stainless steel sink with drainer, vinyl flooring and a large double glazed uPVC window.

SECOND FLOOR: The second floor provides a further two bedrooms, both double rooms with dormer windows. There is also an access door off the stairs to the roof terrace.

TENANCY: The ground floor is currently let to Tubbs & Co who are a local firm of solicitors. There is no formal lease in place, but as part of the sale a new lease should be put in place with the sitting tenants.

The current rent paid for the ground floor offices is £3,120 per annum, £260 pcm however, there may be scope to uplift the rent.

The flat is currently vacant, but should it go on the market in a lettable condition we would expect a minimum of £425 pcm is achievable, however we advise speaking to a local residential letting agent for an independent rental valuation.

BUSINESS RATES: The ground floor unit has a Rateable Value of £2,950.

The flat is in Council Tax Band A which is currently running at £1,095.37 per annum.

VIEWING: Viewing of the property can be arranged via the agents 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.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Scarborough (0.1 mi)
  • Seamer (2.8 mi)
  • Filey (6.7 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 (0.1 mi)
  • Seamer (2.8 mi)
  • Filey (6.7 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 109927. 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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