1-5 Falsgrave Road, Scarborough, North Yorkshire YO12 5EA
Size
1,593
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Rental Income: £12,000 p.a.
- Gross Initial Yield: 10.00%
- Comprises prominent triple-fronted retail premises t/a Charity Shop
- Retail occupiers nearby include Sainsbury`s, Medical Surgery, Takeaway, Café and more.
Description
Gross Initial Yield: 10.00%
Rental Income: £12,000 p.a.
VAT is NOT applicable to this property
Comprises prominent triple-fronted retail premises t/a Charity Shop
Occupies prominent corner location at the junction of Falsgrave Road with Westborough and Victoria Road, within short walk from Scarborough Train Station
Retail occupiers nearby include Sainsbury`s, Medical Surgery, Takeaway, Café and more.
Property Description:
Comprises prominent triple-fronted retail premises arranged at ground floor and t/a Charity Shop. The property provides the following accommodation and dimensions:
Ground Floor: 148 sq m (1,593 sq ft)
Open plan retail, kitchen, storage, wc
Tenancy:
The property is at present let to Farplace Animal Rescue Limited for a term of 5 Years from 7th October 2021 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants.
Tenure:
Held on a 999 year lease from 1st September 2023 at a ground rent of peppercorn.
Location:
The famous seaside town of Scarborough is located on the North Yorkshire coast, approximately 37 miles north-east of York and 37 miles north of Hull. The town is served by the A64, A165, A170 and A171 providing access to York, Hull, Thirsk and Middlesbrough respectively. Scarborough Rail Station provides a regular TransPennine Express service to Liverpool via York, Leeds and Manchester. The property is situated on the northern side of Falsgrave Roar, at its junction with Westborough and Victoria Road, within short walk from Scarborough Train Station. Retail occupiers nearby include Sainsbury`s, Restaurant, Medical Surgery, Takeaway, Café and many more.
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- Business rates
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- Use class
- E
- Listed building
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Brochure
1-5 Falsgrave Road, Scarborough, North Yorkshire YO12 5EA
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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