Auction Venue Radisson Blu Portman Hotel 22 Portman Square 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 south side of pedestrianised Newborough adjoining Westborough, close to its junction with St Nicholas Street. Nearby occupiers include Marks & Spencer, Barclays, TK Maxx, Costa Coffee, NatWest and Pizza
Hut. The Balmoral Shopping Centre is also close by with retailers including EE, Miss Selfridge, Wilkinsons and the Body Shop.
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 south side of pedestrianised Newborough adjoining Westborough, close to its junction with St Nicholas Street. Nearby occupiers include Marks & Spencer, Barclays, TK Maxx, Costa Coffee, NatWest and Pizza
Hut. The Balmoral Shopping Centre is also close by with retailers including EE, Miss Selfridge, Wilkinsons and the Body Shop.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
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
Ground First Second
Retail/Ancillary Ancillary Ancillary
43.57 sq m 30.80 sq m 32.60 sq m
(469 sq ft) (332 sq ft) (351 sq ft)
SUBWAY REALTY LIMITED (1)
10 years from 01/12/2014 until 2024 on a full repairing and insuring lease (2)
£33,000
01/12/2019
Totals
106.97 sq m
(1,152 sq ft)
£33,000
(1) For the year ending 31/12/2013, Subway Realty Limited reported a turnover of £27,940,819, pre-tax profits of £1,457,251 and a total net worth of £1,632,387. (Source: www.riskdisk.com 25/02/2015). The property has been sub-let to a franchisee. (2)The lease provides for a tenant option to determine the lease on 1st December 2019.
