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* * * MIXED USE INVESTMENT OPPORTUNITY LOCATED IN POPULAR FALSGRAVE AREA OF SCARBOROUGH - GENERATES £16,800 PER ANNUM * * *
Number 30 Falsgrave Road comprises a mixed use residential/commercial premises which currently comprises a let lock up retail unit and two let residential flats above. The property is situated in a popular commercial trading area located directly on Falsgrave Road. close to Scarborough town centre. Falsgrave Road is a busy trading area with a number of local and national operators located on both sides of the street including Sainsburys supermarket. The shop is let to a private individual who runs an artist's studio/gallery and pays £550 pcm. Flat 1 (First Floor) is let on an AST at £450 pcm and Flat 2 (Second Floor) is let on an AST at £400 pcm.
All enquiries to CPH COMMERCIAL.
Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast, attracting an estimated 7 million visitors a year. More precisely, the property lies on the south side of Falsgrave Road which is a popular commercial & residential locality. Falsgrave Road interconnects with Westborough and is the principle route into the town (A64).
The property comprises of an attractive, three storey, mid terrace, traditionally constructed property, being held under a pitched and slated roof. The property benefits from a good frontage at ground floor level, incorporating two display windows set either side of a recessed timber and glazed entrance door. Externally, the property benefits from a rear yard with an alleyway which is accessed from All Saints Road.
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition and can confirm the following approximate Net Internal Areas: Ground Floor: 48.39 sq m (521 sq ft) First Floor: 33.75 sq m (363 sq ft) Second Floor: 31.85 sq m (343 sq ft) Total: 113.99 sq m (1,227 sq ft)
We understand the property benefits from mains electricity and water supplies. Interested parties are advised to satisfy themselves with regards to services connected.
EPC bandings as follows: Commercial - Band E Flat 1 - Band D Flat 2 - Band D The full EPC is available to view at our office.
According to the current Valuation Roll, the shop has been assessed for business rates as follows: £6,800 The property qualifies for 100% rates relief. Both flats have Band A assessments for Council Tax purposes.
Freehold, subject to existing leases & tenancies. These will be made available to view to seriously interested parties.
VAT, if applicable, will be charged at the prevailing rate.
Via the sole agents: CPH Property Services 19 St Thomas Street Scarborough YO11 1DY Contact: Joe Walker MRICS Tel: 01723 352235 Email: firstname.lastname@example.org