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2 bedroom commercial property for sale

Commercial Investment - 82 Castle Road, Scarborough, YO11 1XE

Sold STC £159,950

Property Description

Full description

Tenure: Freehold

Mixed use Commercial Investment Property for sale with a long term Cafe sitting tenant and a two bed flat to let. The property is located in Scarborough town centre within 300 meters of the main pedestrianised shopping precinct on a most busy and prominant corner. The property is in good order and benefits from a new roof, new all uPVC windows, new carpets and gas central heating. This property offers a great investment opportunity with the potential to produce a steady 6% return.

THE PROPERTY: The property comprises a three storey mid terrace currently arranged as a cafe on the ground floor, and a separately accessible two bedroom flat on the upper two floors. The property has a new roof, new uPVC windows throughout, new carpets and a modern bathroom.

LOCATION: The property is located within the town centre standing prominently at the end of St Thomas Street on the corner of North Marine Road. St Thomas Street forms part of the town centre loop road and therefore benefits from high levels of passing traffic. The property is within 300 meters of the main pedestrianised shopping precinct and is surrounded by other retailers including a Premier convenience store, jewellers, restaurants, bars, hair dressers and other local independents.

THE CAFE: The cafe comprises a split level ground floor with front seating area and a raised service counter to the back. The kitchen is to the rear and there is a toilet via a staircase from within the cafe.

The current tenants have successfully run the cafe for the past 8 years and are in the process of renewing their lease for a further 10 years from February 2017.

THE FLAT: The flat is accessed from the rear of the property via a secure gated alleyway. Internally there is a spacious lounge, kitchen, two double bedrooms and a bathroom. The flat has gas central heating via a combi boiler.

The flat is currently vacant but is being advertised on the market at £425 pcm. According to the letting agents the premises has received a fair amount of interest and should let soon.

LEGAL COSTS: Each party to bear their own costs in any transaction.

COUNCIL TAX: The flat is Council Band A which has a current liability of £1,095.37 per annum.


VIEWING: A viewing of the property can be arranged by calling Colin Ellis Commercial on 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.

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