Prominent corner position in the heart of the town centre
Nearby occupiers include Marks & Spencer, TK Maxx and Heron Food
Lot 11
Auction 25th March 2021
Rent £70,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue Live Streamed Auction
On Behalf of Joint LPA Receivers
Property Information
Location
Miles
18 miles south of Whitby
40 miles east of York
Roads
A64, A165, A170
Rail
Scarborough
Air
Leeds/Bradford Airport
Situation
Scarborough is a popular seaside town in North Yorkshire, approximately 18 miles south of Whitby and 40 miles east of York. The property is located in a prominent town centre corner position on the junction of St Nicholas Street and the pedestrianised Newborough. The property is a short walk to South Bay beach with nearby occupiers including Marks & Spencer, TK Maxx and Heron Food.
Tenure
Freehold.
Location
Miles
18 miles south of Whitby
40 miles east of York
Roads
A64, A165, A170
Rail
Scarborough
Air
Leeds/Bradford Airport
Situation
Scarborough is a popular seaside town in North Yorkshire, approximately 18 miles south of Whitby and 40 miles east of York. The property is located in a prominent town centre corner position on the junction of St Nicholas Street and the pedestrianised Newborough. The property is a short walk to South Bay beach with nearby occupiers including Marks & Spencer, TK Maxx and Heron Food.
Tenure
Freehold.
Description
The property comprises a five storey building arranged as a ground floor banking hall, with further bank and office accommodation on the first floor, second, and third floor. The property benefits from two entrances to the ground floor, from both Newborough and St Nicholas Street. A number of tenant improvements have taken place to the banking hall.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale by the Company acting by the Joint LPA Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint LPA Receivers to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint LPA Receivers are not bound to accept the highest or any offer and are acting as agents of the Company in respect of this sale without personal liability.
Completion Period
Six Week Completion Available
EPC
D. See legal pack at www.acuitus.co.uk.
Description
The property comprises a five storey building arranged as a ground floor banking hall, with further bank and office accommodation on the first floor, second, and third floor. The property benefits from two entrances to the ground floor, from both Newborough and St Nicholas Street. A number of tenant improvements have taken place to the banking hall.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale by the Company acting by the Joint LPA Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint LPA Receivers to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint LPA Receivers are not bound to accept the highest or any offer and are acting as agents of the Company in respect of this sale without personal liability.
20 years from 28/04/2006 until 27/04/2026 on a full repairing and insuring lease (2)
£70,000
Total
502.80 sq m
(5,411 sq ft)
£70,000
(1) In the latest annual report, Barclays Bank PLC reported a group income of £21,600,000,000 and group pre-tax profits of £6,200,000,000 (www.home.barclays). (2) The lease is drawn on FRI terms, subject to a Schedule of Condition.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
