22 Castle Road, Scarborough, North Yorkshire, YO11
£93.33 per sq ft
Business rates & charges may apply
- 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
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
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 a
Notes
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