112-113 Church Street, Whitby, YO22 4DE

Description
The property comprises a Grade II Listed Georgian building arranged over four storeys constructed in the 18th century. It forms a ground floor retail unit, first floor café / restaurant and three bedroom holiday let to the second and third floors.

The ground floor comprises split level retail unit, with a small workshop area and is currently operated as a jeweller. The unit is situated on a corner position with return frontage onto two sections of Church Street.

The first floor comprises a restaurant providing approximately 30 covers, a kitchen, toilets and bar areas. This area is accessed via a staircase to the rear of the property.

The residential element located on the second and third floors, is accessed from the rear via an external staircase, with a lobby and utility room. The first floor comprises one double bedroom, lounge, dining room, bathroom, shower room and kitchen. The third floor areas are accessed via two separate staircases, the front area comprises a large bedroom with two double beds and a single bed, with an attached shower room. The rear staircase leads to one double bedroom. The apartment is furnished to a modern standard and could accommodate up to c. 9 people. We understand this apartment is currently operated as a holiday let.

Location
The property is located in the town of Whitby, a popular coastal resort within the county of North Yorkshire and surrounded by the North Yorkshire Moors National Park.

It is situated on Church Street, the main thoroughfare between 199 steps leading to Whitby Abbey and the Town Centre.
Church Street is one of the main retailing thoroughfares in the town with occupiers predominantly being tourist based boutique retailers.

Tenancy
CW Sellors (Gold and Silversmiths) Limited will enter into a new full repairing and insuring lease for a term of 10 years, incorporating an upward only rent review in the 5th year of the term at a rental of £49,000 per annum, exclusive.

Covenant
Established in 1860, W Hamond Jewellers has been welcoming visitors from around the world for over 150 years, showcasing beautiful collections of handcrafted Whitby Jet jewellery.

CW Sellors (Gold and Silversmiths) Limited is the UK’s leading fine jewellery and luxury watch specialist with over 45 years of experience, having been established in 1979. They are an independent family run jewellers, approved retailers of leading brands including Tudor, Chopard, Panerai, IWC, Bretiling, TAG Heuer, Fope, Mikimoto, Guci and Faberge.
As part of the sale and leaseback, CW Sellors will provide a reverse premium equivalent to 1 years rental, by way of a discount of the purchase price.