3 bedroom mixed use for sale

MIXED USE COMMERCIAL INVESTMENT - Somerset Terrace, Scarborough YO11 2PA

Sold STC £130,000

Property Description

Full description

Tenure: Freehold

Super investment! Fully let town centre mixed use property for sale currently producing £12,520 p.a in total. The property comprises a retail unit on ground floor with basement storage, and a separately accessed spacious three bedroom flat which has been let to the same tenant for the past 8 years. The shop unit provides 520 sqft of retail area with a rear store room of approximately 170 sqft and has just been let on a new lease. There is also a basement providing an additional 180 sqft of storage. The property is in good order having had £££££ spent on it over the past few years including a new main roof, new uPVC sash windows to the front, new electrics, new bathroom and kitchen. The flat is decorated tastefully throughout and is in good condition providing a spacious and comfortable home.

THE PROPERTY: The property forms part of a terraced parade of buildings and sits between other mixed use properties with retail units on ground floor and flats above. The subject unit comprises a three storey building with a retail shop on ground floor with basement. There is also a three bedroom maisonette on the upper floors which has its own independent access to the rear.

THE SHOP: The shop has a 9m wide glass retail frontage and internally provides 520 sq.ft of retail area with a 170 sq.ft rear store room. There is also a basement for additional storage. The unit has mains electric, water and gas and a toilet. The shop has just been let on a new three year lease expiring in December 2019.

The unit is located prominently on a busy road adjacent to traffic lights on the perimeter of the town centre within a 2-minute walk from the train station and the prime Westborough shopping precinct.


THE MAISONETTE: The maisonette is a spacious three bedroom apartment with its own access to the rear of the property. The accommodation is in good condition and decorative order throughout and has new uPVC sash windows on the front elevation, a spacious lounge and kitchen, gas central heating, large bathroom and a good amount of storage space. The flat has been tenanted by the same people for the past 8 years.

LOCATION: The unit is on a busy road which provides access to the Brunswick Shopping Centre, as well as an exit route from the town centre leading to Valley Bridge Road which leads to South Cliff. It is also very convenient for the train station being within 100 yards, and also the main pedestrianised Westborough being within 150 yards of the unit.

BUSINESS RATEABLE VALUE: The shop unit has a current rateable value of £8,900. We understand that there are rates payable on the unit but it does benefit from small rate relief. Interested parties are advised to contact the Local Taxation Department to confirm the rates payable - 01723 232323.



COUNCIL TAX: The flat is a Band B which is currently liable for £1,277.93 per annum (2015/2016)

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 (6.5 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 (6.5 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 110015. 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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