Westgate, Guisborough, North Yorkshire, TS14
£154.53 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,265 sq ft
210 sq m
- SECTOR
2 bedroom mixed use property for sale
- USE CLASSUse class orders: C3 Dwelling Houses and Class E
C3, E
Key features
- Mixed use town centre investment
- Combined rental income of £29,940 per annum
- 9 years till Break Date
- Established location
- Long-standing and well established tenant
- Prominent and central position
- First floor 2 bedroom flat in excellent condition
Description
The property is situated on Westgate, the prime retail pitch in the centre of Guisborough, a market town on the northern edge of the North York Moors National Park which lies approximately 8 miles to the south-east of Middlesbrough, 20 miles east of Darlington and 60 miles north of York.
Holding a central position on the southern side of Westgate, the property is positioned between Café Nero and Greggs with other retailers in Guisborough including, Boots, Morrisons, Dandy Threads, Costa and Heron Frozen Foods. Free disc parking is available immediately outside the premises and it is surrounded by other local retailers and businesses.
DESCRIPTION
The property has considerable double frontage to Westgate and comprises a ground floor retail unit occupied by a local tenant trading as the town's main Post Office branch and a separate first floor flat.
47 Westgate is configured to provide open plan ground floor sales area with ancillary areas to the rear including stores, staff room and WCs.
45 Westgate provides first floor residential flat arranged as 2 bedrooms, lounge / dining room, kitchen, shower room and WC.
ACCOMMODATION
The unit has the following approximate areas:
Ground Floor
Sales Area 111.78 sq m 1,203 sq ft
Offices 20.31 sq m 218 sq ft
Stores 14.37 sq m 155 sq ft
WC
Total (NIA) 146.46 sq m 1,576 sq ft
First Floor
Lounge / Dining Room 4.37m x 4.14m
Kitchen 3.23m x 3.15m
Shower Room 1.93m x 1.02m
Bedroom 1 4.00m x 3.15m
Bedroom 2 3.20m x 2.13m
WC 2.03m x 2.00m
Total (GIA) 64.00 sq m 689 sq ft
RATEABLE VALUE
The ground floor has a rateable value of £23,000. Interested parties should contact Redcar & Cleveland Council for the exact rates payable
COUNCIL TAX BAND
The first floor flat has a Council Tax Banding of A.
TENURE
47 Westgate is currently let to a private indiviual, on a 25 year FRI lease from 30 June 2014, at a passing rent of £22,800 per annum. There are around 14 years remaining on the lease, with 3 yearly upward only rent reviews with the next break clause date being July 2034.
45 Westgate is currently let on a 12 month AST from 23 April 2025 at a passing rent of £595.00 per month.
The total rent receivable by the landlord is presently £29,940 per annum exclusive.
Documentation available on request.
OPPORTUNITY
The freehold investment is available to purchase at an asking price of £350,000 exclusive of VAT if applicable.
The property is occupied by an established Post Office Branch situated in the centre of the historic town of Guisborough on the northern edge of the North York Moors.
LEGAL COSTS
Each party will be responsible for their own legal costs in respect of this transaction.
VAT
All rent / prices quoted are exclusive of VAT if applicable.
VIEWING
Strictly by appointment through this office only.
Contact - Jack Robinson / Paul Stevenson
Email -
Tel -
Subject to Contract
Brochures
Westgate, Guisborough, North Yorkshire, TS14
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Longbeck Station3.9 miles
- Marske Station3.9 miles
- Great Ayton Station4.0 miles
About Thomas : Stevenson, Middlesbrough
Wellington House Wellington Court Preston Farm Business Park Stockton-On-Tees TS18 3TANotes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Thomas : Stevenson, Middlesbrough on 01642 056955.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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