VENDOR FINANCE NOW AVAILABLE ON THIS PROPERTY!!
Basic terms - subject to contract:
Term: 15 years
Remaining Balance: £180,000 @ 7.25 %
Monthly Payment: £1643
£500pcm income aswell from the music shop tenant above.
After 5 years, the loan to increase by 1%.
CPH are delighted to bring to the market this freehold commercial investment opportunity; ideally situated on the ever popular pedestrian shopping precinct of Huntriss Row. Huntriss Row has a lovely blend of local and national operators and links the main shopping street in the town (Westborough) to the hotel district that includes The Grand Hotel, The Royal Hotel, The Palm Court Hotel and St Nicholas Travelodge. Premier Inn are currently building a big extension to their already very successful hotel, incorporating a new main entrance which will front directly onto Huntriss Row. The property has very successfully traded as a high quality boutique ladies clothes shop at ground floor level since 2007 with a independent music retailer trading a first floor level. Our clients own the freehold and operate the ground floor shop and have the intention of selling their interest in the property and retiring. We understand the music retailer took over the lease in 2019 and trades well. They currently pay a rent of £6,000pa and we feel the ground floor unit has a rental value of £12,000pa. This is a unique opportunity to acquire the freehold interest in this delightful commercial property on Huntriss Row in the beautiful coastal town of Scarborough. All enquiries to CPH Property Services - 01723 352235
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.
The unit is located on the south east side of Huntriss Row, part of the town centre pedestrianised precinct linking Westborough to the majority of the town's hotels. Major hotels within a 120 metre radius include:
Premier Inn: (74 Rooms),
Travelodge: (140 Rooms),
The Grand Hotel: (411 Rooms),
The Royal Hotel: (118 Rooms),
The Palm Court Hotel (40 Rooms)
Huntriss Row enjoys a nice blend of local and national representation.
All figures quoted are exclusive of VAT however, our client reserves the right to charge VAT if applicable.
Via the sole selling agents:
CPH Property Services
19 St Thomas Street