9 Westborough
Scarborough
North Yorkshire
YO11 1UH

Freehold Retail Investment

  • 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
    05/Dec/2018
  • Rent
    £52,500 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 9 Westborough<br>Scarborough<br>North Yorkshire<br>YO11 1UH
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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.

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

FloorUseFloor Areas (Approx)TenantTermRent 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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.11.18
    File Size
    25 MB
    Login to View
  • Site Plan
    Updated Date
    13.11.18
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    13.11.18
    File Size
    756 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Garner Canning 11 Aldergate, Tamworth
Staffordshire
B79 7DL
Kevin Garner +44 (0)1827 314004kevingarner@garnercanning.co.uk

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