Scarborough & District Bus Depot Barry's Lane Scarborough North Yorkshire YO12 4HA

Scarborough & District Bus Depot
Barry's Lane
Scarborough
North Yorkshire
YO12 4HA

Freehold Bus Depot / Warehouse Investment

  • Entirely let to EYMS Group Limited until 2031 (no breaks)
  • 15 years unexpired
  • A major tourist destination with approximately 6.5 million people visiting the district annually
  • Major Regional Centre for North East Yorkshire with a borough population of approximately 108,000
  • Strategically located off the A64 Scarborough to York trunk road
  • Established industrial / retail warehouse location with Jewsons, B & Q, Curry’s, B & M and PC World all nearby
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    32
  • Auction
    13th October 2016
  • Rent
    £153,610 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Trustees
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Bus Depot / Warehouse Investment

  • Entirely let to EYMS Group Limited until 2031 (no breaks)
  • 15 years unexpired
  • A major tourist destination with approximately 6.5 million people visiting the district annually
  • Major Regional Centre for North East Yorkshire with a borough population of approximately 108,000
  • Strategically located off the A64 Scarborough to York trunk road
  • Established industrial / retail warehouse location with Jewsons, B & Q, Curry’s, B & M and PC World all nearby
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 32
  • Auction 13th October 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Trustees

Property Information

Location
Miles
40 miles north-east of York ,48 miles south-east of Middlesbrough, 60 miles north-east of Leeds
Roads
A64, A1(M)
Rail
Scarborough Railway Station
Air
Leeds Bradford International Airport
Situation

The property is situated in an established industrial and retail warehouse location 1 mile south-west of Scarborough town centre. The property fronts Barry's Lane and is accessed via Seamer Road (A64) which provides direct access to the South West, York and Leeds. Jewsons, Plumb Centre and Hinderwell County Primary School are all located on Barry's Lane while B & Q, Curry's, B & M, Carpetright and PC World are also nearby.

Tenure

Freehold.

Location
Miles
40 miles north-east of York ,48 miles south-east of Middlesbrough, 60 miles north-east of Leeds
Roads
A64, A1(M)
Rail
Scarborough Railway Station
Air
Leeds Bradford International Airport
Situation

The property is situated in an established industrial and retail warehouse location 1 mile south-west of Scarborough town centre. The property fronts Barry's Lane and is accessed via Seamer Road (A64) which provides direct access to the South West, York and Leeds. Jewsons, Plumb Centre and Hinderwell County Primary School are all located on Barry's Lane while B & Q, Curry's, B & M, Carpetright and PC World are also nearby.

Tenure

Freehold.

Description

The property, a two bay warehouse with an eaves height of 17ft (5.18 m), comprises workshop and storage accommodation, an open fronted garage area and office and ancillary accommodation over ground and first floor. The forecourt currently provides parking for some 6 cars. The property has a total approximate site area of 0.65 hectares (1.60 acres).

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, a two bay warehouse with an eaves height of 17ft (5.18 m), comprises workshop and storage accommodation, an open fronted garage area and office and ancillary accommodation over ground and first floor. The forecourt currently provides parking for some 6 cars. The property has a total approximate site area of 0.65 hectares (1.60 acres).

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 Reviews
Ground
Ground
Ground & First
Workshop & Storage
Open Fronted Garage
Office & Ancillary
202.60 sq m
515.80 sq m
380.50 sq m
(21,800 sq ft)
(5,550 sq ft)
(4,095 sq ft)
EYMS GROUP LIMITED (GUARANTEED BY EAST YORKSHIRE MOTOR SERVICES
LIMITED) (1)
15 year lease until 03/04/2021 and a reversionary lease for a term of 10 years from 04/04/2021 until 03/04/2031 on a full repairing and insuring basis (2) £ 153,610 (2) 04/04/2021
04/04/2026
TOTALS   2,922.30 sq m (31,445 s q ft)     £153,610 (2)  

1) For the year ending 31st December 2014, EYMS Group Limited reported a turnover of £34,991,427, pre-tax profits of £766,141 and a net worth of £3,643,018. For the year ending 31st December 2014, East Yorkshire Motor Services Limited reported a turnover of £30,843,689, pre-tax profits of £647,284 and a net worth of £12,872,381. (Source: Experian Group 13/09/2016). EYMS is an award winning bus company, formed in 1926, that currently runs over 300 buses and coaches throughout Hull, East Yorkshire and the North Yorkshire coast. EYMS was privatised in February 1987, becoming a subsidiary of EYMS Group Ltd. Since this time it has gone from strength to strength, acquiring many small bus businesses in and around Hull. (Source: www.eyms.co.uk/about-eyms/history).
(2) A reversionary lease was granted on 03/08/2016 to the tenant extending their original lease (15 years from 4th April 2006 until 2021) by a further 10 years. The tenant will pay half rent until 2nd February 2019 at which point the rent will revert to £153,610 p.a.x. The seller has agreed to adjust the completion monies so that the property will effectively produce £153,610 p.a.x from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    13.11.19
    File Size
    1 MB
    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
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.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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