Queen Street, Scarborough OIEO £150,000

** CURRENT BUSINESS UNAFFECTED **

CPH bring to the market this investment opportunity located on beautiful Queen Street on the edge of Scarborough town centre. This handsome Grade II Listed property with attractive period features is currently let to a firm of local accountants who have occupied the building for over 60 years. There is a 6 year lease in place dated 6th April 2020 at a rent payable of £10,569.81 per annum. The lease does contain provision for either the landlord or tenant to terminate the lease upon giving 4 months' prior written notice.

The property is arranged over 5 levels with the lower ground floor being predominantly used for tea making and storage purposes, the ground floor benefits from 2 very good sized cellular office rooms, the first and second floors provide a further 6 cellular office room and the attic provides archive storage. The property also has the benefit of 3 car parking spaces to the rear of the building in a private car park.

This is a rare opportunity to acquire the freehold interest in this attractive and historic office building. All enquiries to CPH Property Services.

Tenure: Freehold, subject to commerical lease currently in place.

EPC: Band E

Rateable Value: £11,000 (The property currently qualifies for 100% small business rates relief)

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

Details Prepared: 22062023 JW

Viewing: Strictly by appointment with the sole agent.