Unit SU8, 5 Jubilee Way, Scunthorpe, North Lincolnshire, DN15 6RB
- PROPERTY TYPE
Retail Property (high street)
- SIZE
2,379 sq ft
221 sq m
Description
**For Sale By Public Auction 2nd September 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Commercial Unit with First Floor Ancillary Space Fully Let Producing £12,500 Per Annum
Tenure
Leasehold. The property is held on a 999 year lease from 2005 (thus approximately 978 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Central Park are within easy reach. Transport links are provided by Scunthorpe rail station.
Description
The property comprises a mid terrace building arranged to provide a ground floor commercial unit with first floor ancillary space.
Accommodation
Ground Floor
Retail Unit
Approx. 114 sq m / 1,231 sq ft
First Floor
Ancillary Space
Approx. 107 sq m / 1,154 sq ft
GIA 221 sq m / 2,385 sq ft
Tenancy
The property is subject to a 6-year lease commencing 1 July 2026 at a rent of £9,500 per annum in Year 1, rising to £11,000 per annum in Year 2 and £12,500 per annum in Years 3 to 6. The tenant has been in occupation and trading from the unit since September 2025.
Seller's Rent Top-Up
The seller will provide a rental top-up from completion to ensure the buyer receives an income equivalent to £12,500 per annum. The top-up will be the difference between the rent reserved under the lease and £12,500 per annum and will continue until the tenant's rent increases to £12,500 per annum in accordance with the lease.
Brochures
Legal DocumentsUnit SU8, 5 Jubilee Way, Scunthorpe, North Lincolnshire, DN15 6RB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Scunthorpe Station0.4 miles
- Althorpe Station3.6 miles
About Auction House London, Hampstead
5 Hampstead Gate, 1A Frognal, Hampstead, London, NW3 6AL
Notes
Disclaimer - Property reference 358590. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House London, Hampstead. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Auction House London, Hampstead on 020 3897 6030.
*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.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”