Newborough, Scarborough £12,000 Per Annum

TO LET | 951 sq ft Prominent Retail Unit located on busy tourist route.

The unit is available TO LET on a new 3 year Internal Repairing & Insuring (IRI) lease. The property was last occupied by NAAFI (Navy, Army, and Air Force Institutes) as a coffee shop / light cafe and it would serve that purpose again or it could revert back to retailing use with good display windows and double doors onto Newborough. To the rear lies an enclosed yard area which could be utilised as further seating, with stairs leading down to a spacious store area at lower ground floor level.

EPC: Band C

Business Rates: Rateable Value £12,250. Please note, the current rateable value includes the upper floors which have been separated by the landlord to provide residential accommodation and therefore the rateable value is likely to reduce and be eligible for 100% small business rates relief. Further details available on request.

VAT: VAT, if applicable, will be charged at the prevailing rate.

All enquiries to CPH Property Services.

LOCATION:
Scarborough is an established commercial, tourist and retail centre, lying approximately forty miles east of York with a resident population of some 81,000 and a district population around 110,000 (sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principle resorts on the north east coast, attracting an estimated 7 million visitors a year.

More precisely, the property is located on the north side Newborough which forms a link between the town centre and Scarborough’s famous South Bay and therefore benefits from huge levels of footfall during the tourist seasons.

DESCRIPTION:
The premises comprise of a ground floor retail unit benefiting from an extensive display frontage. The unit provides approximately 689 sq ft of sales accommodation together with 101 sq ft of storage. A basement is located below the shop however currently is not fit for dry storage. A toilet facility will be installed by the landlord prior to occupation. The property also has the benefit of an enclosed rear yard which could be used for a number of uses.

PLANNING:
Assumed to be A1 (Retail).

SERVICES:
Mains electricity and water supply. Prospective tenants are advised to make their own enquiries with regards to services.

TERMS:
A new lease is to be granted directly from the landlord for a minimum three year term at a commencing rent of £15,000pa. The lease is to be drawn on IRI (Internal Repairing and Insuring) however the tenant will be liable for a percentage of the external repairs for the building. Further details are available on request.

BUSINESS RATES:
The property has been assessed for business rates as follows:

Rateable Value: 20,500

ENERGY PERFORMANCE CERTIFICATE:

VAT:
All figures quoted are exclusive of VAT however, our client reserves the right to charge VAT if applicable.

VIEWING:
Via the sole agents:

CPH Property Services
19 St Thomas Street
Scarborough
YO11 1DY

Joe Walker MRICS
01723 352235
This email address is being protected from spambots. You need JavaScript enabled to view it.

PROPERTY REF:
ESC 10 JW