Nearby occupiers include Marks & Spencer, TK Maxx, Iceland, Wilko and Edinburgh Woollen Mill
High Yielding on Guide Price
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 41
Auction 13th October 2016
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
40 miles north-east of York, 48 miles south-east of, Middlesbrough, 60 miles north-east of Leeds
Roads
A165, A170, A171, A64, A1 (M)
Rail
Scarborough Railway Station
Air
Leeds Bradford International Airport
Situation
The property is situated in a prominent position on the northern side of pedestrianised Newborough close to Westborough, St Nicholas Street and St Thomas Street. Nearby occupiers include Marks & Spencer, TK Maxx, Savers Health & Beauty, Pizza Hut, Edinburgh Woollen Mill, Iceland, McDonald's and branches of RBS, Natwest, Lloyds and Barclays banks. The Balmoral Shopping
Centre is also close by with retailers including Wilko, Card Factory, Miss Selfridge and The Body Shop, as well as car parking for approximately 480 cars.
Tenure
Freehold.
Location
Miles
40 miles north-east of York, 48 miles south-east of, Middlesbrough, 60 miles north-east of Leeds
Roads
A165, A170, A171, A64, A1 (M)
Rail
Scarborough Railway Station
Air
Leeds Bradford International Airport
Situation
The property is situated in a prominent position on the northern side of pedestrianised Newborough close to Westborough, St Nicholas Street and St Thomas Street. Nearby occupiers include Marks & Spencer, TK Maxx, Savers Health & Beauty, Pizza Hut, Edinburgh Woollen Mill, Iceland, McDonald's and branches of RBS, Natwest, Lloyds and Barclays banks. The Balmoral Shopping
Centre is also close by with retailers including Wilko, Card Factory, Miss Selfridge and The Body Shop, as well as car parking for approximately 480 cars.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground First Second
Retail/Ancillary Ancillary Ancillary
184.29 sq m 143.49 sq m 126.50 sq m
(1,984 sq ft) (1,545 sq ft) (1,362 sq ft)
POUNDWORLD RETAIL LIMITED (1)
10 years and 6 months from 01/02/2007 on a full repairing and insuring lease
£107,250
31/07/2017
Totals
454.28 sq m
(4,891 sq ft)
£107,250
(1) Poundworld is one of the UK's leading value variety retailers with over 300 stores across the UK. It serves more than two million customers every week and employs over 6,000 people nationwide. Following an investment from TPG Capital in May 2015, Poundworld intends to accelerate its store expansion programme and double in size over the next five years. For the year ending 31st March 2015, Poundworld Retail Limited reported a turnover of £422,304,000, a pre-tax profit of £13,726,000 and a total net worth of £22,197,000 (Sources: www.poundworld.co.uk Experian Group 14/09/2016).