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SOLD STC

St. Nicholas Street, Scarborough, North Yorkshire, YO11

Guide Price
£450,000

£85.86 per sq ft

Business rates & charges may apply

Malcolm Stuart Property Consultants LLP, Tadcaster
SIZE AVAILABLE

5,241 sq ft

487 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops, A2 Financial and Professional Services, A3 Restaurants and Cafes and Class E

A1, A2, A3, E

Key features

  • PRIME POSITION ADJACENT MAKRS & SPENCERS AND THE ROYAL HOTEL
  • CURRENT INCOME: £40,000 PER ANNUM
  • FULL LET POTENTIAL RENTAL INCOME: £46,000 PER ANNUM
  • SCOPE FOR RENTAL INCREASES
  • GUIDE PRICE: £450,000 REFLECTS A NIY OF 8.51%

Description

The investment forms 2 properties with 4 separate lettable areas, 3 of which are currently tenanted.

As can be seen from the tenancy schedule contained within, the properties are well let and also provide immediate scope for increased income through vacant upper floor accommodation at No29.

Situated between Marks & Spencer and the extremely popular Royal Hotel these properties could not be better positioned within Scarborough's retail high street core.

Scarborough is a popular seaside resort located on the East coast of Yorkshire in the North of England and has an approximate population of 61,749.

GF 29 St
Nicholas Street

Tenant: Latino Heat
(Scarborough) Ltd
(personal guarantor)

Lease Terms: 15 year lease from Oct 23 - RR Yr 6/11 - RPI
BC Yr 5/10

Rental: £21,500

Size:137.7 SQ.M
1,482 SQ.FT

RV: £13,500

EPC: B47

GF/FF 30 St
Nicholas Street

Tenant: Rybar Ltd

Lease Terms: Rev 12 year lease from Nov 26 - RR / BC Yrs 4/8

Rental: £12,000

Size: GF 65.48 SQ.M / 705 SQ.FT
FF 45.83 SQ.M / 493 SQ.FT

RV: £13,250

EPC: C58

PT FF 29/30 St Nicholas Street

Tenant: Pearson Professional Assessment Ltd

Lease Terms: 10 years from Jun 22 - BC Yr 6/10 - RR Yr 5

Rental: £6,500

Size: 118.43 SQ.M /
1,275 SQ.FT

RV: £7,700

EPC: C70

PT FF, SF TF 29 St Nicholas Street

VACANT

Size: FF 53.4 SQ.M / 575 SQ.FT
SF 46.1 SQ.M / 496 SQ.FT
TF 20 SQ.M / 215 SQ.FT

RV: £6,900


TERMS
Offers are being sought for the freehold interest at guide price of £450,000 Exc.

Brochures

St. Nicholas Street, Scarborough, North Yorkshire, YO11

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Scarborough Station0.3 miles
  • Seamer Station3.0 miles
  • Filey Station6.6 miles

About Malcolm Stuart Property Consultants LLP, Tadcaster

Wilton House, Station Estate, Station Road, Tadcaster, LS24 9SG

Notes

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