2 bedroom commercial property for sale

Hoxton Road, Scarborough, North Yorkshire YO12 7ST

Guide Price £154,950

Property Description

Full description

Tenure: Freehold

This three storey building situated on the corner of Victoria Road and Hoxton Road, is arranged as a tenanted retail unit/office on the ground floor, that is subject to a Landlord and Tenant Act lease with the upper floors arranged as two self contained one bedroom flats. Generates a good rental income of a 10% yield when fully let.

LOCATION: The property is situated on the edge of the main town centre and within a busy tertiary trading location with a range of local traders in the area.

THE SHOP: Double fronted shop with return window display. Approximately 48 sq.m (516 sq.ft) and arranged as showroom/office with store to rear.

Currently let to EYG Home improvements and glazing and subject to the remaining terms of a Landlord and Tenant Act lease with approximately 1year unexpired from November 2016. They have been in occupation since 2012. Rental income is currently £5,200 per annum.

TENURE: Freehold
Subject to tenancy on ground floor. Both flats are currently tenanted and subject to Assured Shorthold Tenancy agreements.

RENTAL INCOME: It is believed that the current rental income is £6,480 per annum for the ground floor shop and £9,880 from two flats. This offers a total rental income when fully let of £16,360 per annum

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 (0.2 mi)
  • Seamer (3.0 mi)
  • Filey (6.8 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 (3.0 mi)
  • Filey (6.8 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 104701. 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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