Church Street, Guisborough, North Yorkshire, TS14

LOCATION

The property is located within the popular market town of Guisborough, 22 miles north-west of Whitby and 10.5 miles south east of Middlesbrough. The town sits on the edge of the picturesque North York Moors National Park.

The property, situated within Guisborough Conservation Area, holds a corner position on the western side of Church Street between Twisted Peel and Welcome Inn Chinese Restaurant and opposite St Nicholas Church. Church Street connects with Westgate, the principal retail street in Guisborough, approximately 100m to the west at the Market Cross junction.

Church Street is a major bus route and thorough fare of the town benefitting from both heavy footfall to Prior Pursglove 6th Form College and nearby residential housing. Occupiers in the immediate vicinity include Odd Socks Launderette, Contemporary Salons, The Monk and TS Fourteen.

Pay and display car parking is available across the road at Church Square car park.

DESCRIPTION

This Grade II Listed two-storey terraced building is arranged to provide bar & café/restaurant, benefitting from front and rear entrances and holding potential to be split to provide two self-contained units subject to necessary planning and consents.

The property is occupied by the long established and well-regarded Badgers Bar, and is arranged to provide restaurant seating, commercial kitchen, stores and customer toilets on the ground floor together with further seating, bar, male & female toilets at first floor level.

ACCOMMODATION

The building has the following approximate areas:

Ground Floor

Café/Restaurant 40.68 sq m ( 438 sq ft)
Kitchen 7.56 sq m ( 81 sq ft)
Store 3.39 sq m ( 36 sq ft)
WC -- --

First Floor

Café/Restaurant 44.54 sq m ( 479 sq ft)
Customer WCs 7.95 sq m ( 86 sq ft)

TENURE

The premises are fully let on the following terms:

42, 55 & 57 Church - Let to a private individual by way of a full repairing and insuring lease from July 2021 for a term of 15 years at a passing rent of £15,600 per annum incorporating rent reviews every 2 years and break clauses in year 5 and year 10.

Full lease details are available on request.

RATEABLE VALUE

42, 55 & 57 Church Street has a Rateable Value of £9,400 and therefore qualifies for small business rates relief. Interested parties should contact Redcar and Cleveland Council to determine the exact rates payable.

PROPOSED TERMS

The freehold investment is available to purchase with offers invited over £190,000.

LEGAL COSTS

Each party will be responsible for their own legal costs.

VAT

All rent / prices quoted are exclusive of VAT if applicable.

VIEWING

Strictly by appointment through this office.

Contact - Jack Robinson
Email:
Tel:

Subject to Contract