Westgate, Guisborough, North Yorkshire, TS14

LOCATION

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