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
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.
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
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.
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)
