Virtual Freehold Retail Investment
Virtual Freehold Retail Investment
The property is situated on the north side of Newborough in a busy trading position between the junctions with Queen Street and St Nicholas Street. Scarborough is a famous seaside town known as the “Brighton of the North” and being the largest holiday resort on the Yorkshire coast. Nearby retailers include William Hill, Barclays Bank and Lloyds TSB Bank.
Virtual Freehold. Held from Camore Properties Ltd for a term of 999 years from 19th May 2005 at a fixed rent of £125 per annum exclusive.
The property is situated on the north side of Newborough in a busy trading position between the junctions with Queen Street and St Nicholas Street. Scarborough is a famous seaside town known as the “Brighton of the North” and being the largest holiday resort on the Yorkshire coast. Nearby retailers include William Hill, Barclays Bank and Lloyds TSB Bank.
Virtual Freehold. Held from Camore Properties Ltd for a term of 999 years from 19th May 2005 at a fixed rent of £125 per annum exclusive.
The property comprises ground floor retail accommodation and
basement ancillary accommodation.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation and
basement ancillary accommodation.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
222.93 sq m 38.00 sq m |
(2,399 sq ft) (409 sq ft) |
J D WILLIAMS & CO LIMITED |
10 years from 22/11/2004 on a full repairing and insuring lease |
£37,500 |
21/11/2014 |
| Totals | 260.93 sq m |
(2,808 sq ft) |
£37,500 | ||||
(1) J D Williams & Company Limited is the UK’s leading direct home shopping company, operating over 20 successful catalogue brands.
(www.jdwilliams.co.uk) For the year ending 03/03/2012, J D Williams & Company Limited reported a turnover of £707,896,000, pre-tax profits of £86,767,000 and a total net worth of £303,989,000. (Source:www.riskdisk.com 12/06/2013)
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