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COMMERCIAL

Queen Margarets Road, Scarborough

Guide Price
£500,000
Colin Ellis Estate Agents, Commercial
PROPERTY TYPE

Light Industrial

SIZE

8,491 sq ft

789 sq m

Description

LOCATION
The property is situated to the south of Scarborough and is accessed from Queen Margaret's Road, just off the A64. The A64 is the main arterial road which links Leeds, York and Scarborough and also the national motorway network beyond.

DESCRIPTION
The building sits on a site of 0.501 acres (0.203 hectares)

It has a gross floor area of approximately 8,491 sq ft (788 sqm) including a mezzanine with individual offices and stands within its own grounds with a yard to the rear. The unit has just undergone a scheme of refurbishment in readiness for the new tenant who has agreed to a new 5 year Landlord & Tenant Act lease with a passing rent of £35,000 per annum. This would make it a great investment and offers an initial yield of 7% based on the guide price of £500,000.

The property comprises a trade counter and warehouse accommodation incorporating a mezzanine with individual offices.
Externally, the property benefits from car parking to the front elevation and a large concrete surfaced yard area to the rear.

ACCOMMODATION
Trade Counter Sq.m 197.96 Sq.ft 2131
Warehouse Sq.m 530.00 Sq.ft 5705
First Floor Sq.m 60.84 Sq.ft 655
Total Sq.m 788.80 Sq.ft 8491

TERMS
Freehold sale and subject to the Landlord & Tenant Act lease.

OUTGOINGS
We believe the Business Rateable Value for the year ending 2022 / 2023 is £26,750 per annum.

LEGAL COSTS
Each party to bear there own legal costs in dealing with this transaction.

OTHER
We view all our commercial listings please visit

VIEWING
Strictly via sole agents Colin Ellis Property Services on .

Brochures

Brochure

Energy Performance Certificates

EPC 1

Queen Margarets Road, Scarborough

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Scarborough Station1.1 miles
  • Seamer Station1.7 miles
  • Filey Station6.2 miles

About the agent

Colin Ellis Estate Agents, Commercial

49 Aberdeen Walk, Scarborough, YO11 1BD

Colin Ellis Property Services are committed to offering the most comprehensive service in Ryedale, Scarborough and on the East Coast area.

The Partners and Staff offer extensive local and regional knowledge thus bringing friendly yet highly trained marketing skills to each and every property transaction.

Specialists Departments include:

• Residential Sales

• New Homes

• Commercial Sales

• Commercial Letting Agency

• Commercial Pro

More properties from this agent

Notes

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Disclaimer - Property reference 102785013220. 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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