Skip to content
Buy
Property for sale New homes for sale Property valuation Investors Mortgages
Rent
Property to rent Student property to rent
Find Agent
Find estate agents
House prices
Sold house prices Instant online valuation
Commercial
Commercial property to rent Commercial property for sale Advertise
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Overseas blog Mortgage guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell Overseas property

22 Castle Road, Scarborough, North Yorkshire, YO11

Fixed Price
£70,000

£93.33 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

750 sq ft

70 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops and Class E

A1, E

Description

Investment Consideration:
Gross Initial Yield: 6.72%
Rental Income: £4,705 p.a.
Shop under rented. ERV: £7,000 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop and one self-contained flat above (sold-off)
Located opposite Tesco Express and Domino`s Pizza, amongst other retailers

Property Description:
The property comprises ground floor retail shop and one self-contained flat above (sold-off), providing the following accommodation and dimensions:
Ground Floor: 70 sq m (750 sq ft)
Open plan retail, Storage, WC

Tenancy:
The retail shop is at present let to an Individual for a term of years from 21st July 2022 until 31st August 2025 at a current rent of £4,680 p.a. and the lease contains full repairing and insuring covenants. Rent review on 21.06.25 (open market). Tenant option to determine on 21.01.24 with minimum 3 months notice. Deposit held of £780.
The residential flat has been sold off on a 125 Year lease from 25th December 2003 at a ground rent of £25 pear annum.

Location:
Scarborough is a resort town on England's North Sea coast. Its 2 bays with sandy beaches are split by a headland bearing the 12th-century Scarborough Castle. The property is located in the town centre with occupiers nearby including Tesco Express and Dominos Pizza, amongst others.

Brochures

22 Castle Road, Scarborough, North Yorkshire, YO11

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Scarborough Station0.3 miles
  • Seamer Station3.0 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference scarborough. 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 Blue Alpine, London. 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.

Map data ©OpenStreetMap contributors.

Email

Call

Email