Kwik Fit Columbus Ravine Scarborough North Yorkshire YO12 7JR

Kwik Fit
Columbus Ravine
Scarborough
North Yorkshire
YO12 7JR

Freehold Tyre Depot Investment

Let to Kwik Fit Properties Limited Guaranteed by Kwik Fit Holdings Limited until 2030
Includes a site of approximately 0.14 Hectares (0.35 acres)
Approximately 50% site coverage
Including forecourt Car Parking

Lot
33
Auction
18th October 2018
Rent
£56,087 per Annum Exclusive
Status
Sold
Price
£850,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Tyre Depot Investment

Let to Kwik Fit Properties Limited Guaranteed by Kwik Fit Holdings Limited until 2030
Includes a site of approximately 0.14 Hectares (0.35 acres)
Approximately 50% site coverage
Including forecourt Car Parking

Lot 33
Auction 18th October 2018
Rent £56,087 per Annum Exclusive
Status Sold
Price £850,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 35 miles north east of York, 37 miles north of Hull, 38 miles South east of Middlesbrough
Roads: A64. A170, A165
Rail: Scarborough Railway Station
Air: Durham Tees Airport, Leeds Bradford Airport, Robin Hood Doncaster Sheffield Airport, Humberside Airport

Situation

Scarborough is a popular tourist coastal town in the North-East. The town benefits from excellent communications via the A64 which provides access to York, Leeds and A1(M). The property is situated in a prominent position on the east side of the busy Columbus Ravine (A165). Neighbouring occupiers include Citroen and Suzuki car showrooms, Jewson and Aldi.

Tenure

Freehold.

Location

Miles: 35 miles north east of York, 37 miles north of Hull, 38 miles South east of Middlesbrough
Roads: A64. A170, A165
Rail: Scarborough Railway Station
Air: Durham Tees Airport, Leeds Bradford Airport, Robin Hood Doncaster Sheffield Airport, Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises an extensive tyre, exhaust and MOT centre, benefiting from shutter doors that open to provide excellent vehicular access. The property also benefits from a forecourt with car parking and vehicular circulation area and a regular and level site of approximately 0.14 hectares (0.35 acres) with a site coverage of approximately 50%.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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	Reviews/ (Reversion)
Ground	Workshop, reception and ancillary	670.55 sq m	(7,218 sq ft)	KWIK-FIT PROPERTIES LIMITED GUARANTEED BY KWIK-FIT HOLDINGS LIMITED (1)	30 years from 28th December 2000 until 27th December 2030 on a full repairing and insuring lease	£56,087	28/12/2020 and 2025
Total		670.55 sq m	(7,218 sq ft)			£56,087

(1) Kwik Fit has over 600 centres across the UK including Northern Ireland, many of which are open 7 days. For the year ending 31st March 2017 Kwik Fit Properties Limited reported pre tax profits of £137,000 and a total net worth £2,332,000. For the year ending 31st March 2017 Kwik Fit Holdings Limited reported pre tax profits of £15,000 and a total net worth £28,550,000. (Experian 24/09/2018)