Let to TUI UK Retail Limited with a guarantee from First Choice Holidays Limited
Nearby occupiers include Marks & Spencer, Greggs, Iceland, Boots the Chemist and McDonald’s
Opposite The Balmoral Shopping Centre with retailers including Wilko and Edinburgh Woollen Mill
Prominent pedestrianised town centre location
High yielding on Guide Price
Lot 58
Auction 5th December 2018
Rent £52,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
40 miles north-east of York, 60 miles north-east of Leeds
Roads
A64, A165, A170, A171, A1 (M)
Rail
Scarborough Railway Station
Air
Leeds Bradford International Airport
Situation
The property is situated in a prominent position on the southern side of the pedestrianised Westborough, close to its junction with Newborough and Huntriss Row. Nearby occupiers include Marks & Spencer, Greggs, Iceland and McDonald’s, with Boots the Chemist, WHSmith and JD Sports also located on Westborough. The Balmoral Shopping Centre is diagonally opposite, with retailers including Wilko and The Edinburgh Woollen Mill.
Tenure
Freehold.
Location
Miles
40 miles north-east of York, 60 miles north-east of Leeds
Roads
A64, A165, A170, A171, A1 (M)
Rail
Scarborough Railway Station
Air
Leeds Bradford International Airport
Situation
The property is situated in a prominent position on the southern side of the pedestrianised Westborough, close to its junction with Newborough and Huntriss Row. Nearby occupiers include Marks & Spencer, Greggs, Iceland and McDonald’s, with Boots the Chemist, WHSmith and JD Sports also located on Westborough. The Balmoral Shopping Centre is diagonally opposite, with retailers including Wilko and The Edinburgh Woollen Mill.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B. See legal pack at acuitus.co.uk.
Description
The property comprises a ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First Second
Retail/Ancillary Ancillary Ancillary
58.10 sq m 39.10 sq m 20.09 sq m
(625 sq ft) (421 sq ft) (216 sq ft)
TUI UK RETAIL LIMITED with a guarantee from FIRST CHOICE HOLIDAYS LIMITED (1)
15 years from 24/11/2006 on a full repairing and insuring lease
£52,500
Total
117.29 sq m
(1,262 sq ft)
£52,500
(1) For the year ending 30th September 2017, TUI UK Retail Limited reported a turnover of £201 million, pre-tax profits of £1 million and a total net worth of £191 million. For the year ending 30th September 2017, First Choice Holidays Limited reported pre-tax profits of £9,424,000 and a total net worth of £242,720,000 (Source: www.firstchoice.co.uk and Experian Group 05/11/2018). The property is sublet to a tenant trading as Vape Safe.
