11 Newborough Scarborough North Yorkshire YO11 1NA

11 Newborough
Scarborough
North Yorkshire
YO11 1NA

Freehold Retail Investment

  • Let to Eden Mobility Limited until 2021 (no breaks)
  • Pedestrianised town centre location
  • Close to the Balmoral Shopping Centre
  • Nearby occupiers include adjoining Marks & Spencer, Barclays, TK Maxx, Costa Coffee, NatWest and Pizza Hut
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    24
  • Auction
    26th March 2015
  • Rent
    £37,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £394,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

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

Freehold Retail Investment

  • Let to Eden Mobility Limited until 2021 (no breaks)
  • Pedestrianised town centre location
  • Close to the Balmoral Shopping Centre
  • Nearby occupiers include adjoining Marks & Spencer, Barclays, TK Maxx, Costa Coffee, NatWest and Pizza Hut
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 24
  • Auction 26th March 2015
  • Rent
  • Status Sold
  • Price £394,000
  • Sector
    High Street Retail
  • 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. The property adjoins Marks & Spencer and other nearby occupiers include 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. The property adjoins Marks & Spencer and other nearby occupiers include 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
91.80 sq m
55.80 sq m
28.80 sq m
(988 sq ft)
(601 sq ft)
(310 sq ft)
EDEN MOBILITY LIMITED (1) 9 years from 22/10/2012 until 2021 on a full repairing and insuring lease £37,000 (2) 22/10/2018
Totals  
176.40 sq m
(1,899 sq ft)
    £37,000 (2)

(1) For the year ending 31/01/2014, Eden Mobility Limited reported a turnover of £9,249,362, pre-tax profits of £768,183 and a total net worth of £1,326,939. (Source: www.riskdisk.com 25/02/2015).
(2)The current rent under the terms of the lease is £32,000 p.a.x rising to £37,000 p.a.x. on 22nd October 2015. The seller has agreed to adjust the completion monies so that the unit will produce £37,000 p.a.x. from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    03.03.15
    File Size
    115 KB
    View PDF
  • Catalogue Page
    Updated Date
    03.03.15
    File Size
    608 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Summers Solicitors LLP 22 Welbeck Street
London
W1G 8EF
Stephen Koehne 0207 224 2024sdk@summerssolicitors.co.uk

Useful Links

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

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