82/83 Newborough Scarborough North Yorkshire YO11 1ET

82/83 Newborough
Scarborough
North Yorkshire
YO11 1ET

Freehold Retail Investment

  • Let to Poundworld Retail Limited
  • Approximately 4,891 sq ft
  • Pedestrianised town centre location
  • Close to The Balmoral Shopping Centre
  • 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
    £107,250 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Poundworld Retail Limited
  • Approximately 4,891 sq ft
  • Pedestrianised town centre location
  • Close to The Balmoral Shopping Centre
  • 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  • Status Withdrawn Post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).

Property Documents

  • Catalogue Page
    Updated Date
    13.11.19
    File Size
    647 KB
    View PDF
  • Site Plan
    Updated Date
    13.11.19
    File Size
    119 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 South Quay, Victoria Quays
Sheffield
S2 5SY
Carol Davies 0114 279 4003Carol.Davies@cms-cmno.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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