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CPH COMMERCIAL are delighted to bring this mixed use (commercial and residential) investment to the market on behalf of our retained client. The property is located on the west end of North Street lying approximately 40 yards from the towns main retailing thoroughfare. The ground floor is let to a local homeware retailer who in 2015 renewed their lease for a further 3 year term at a rent of £11,000 per annum + VAT. The 4 bedroomed maisonette on first, second and third floors has been let on an Assured Shorthold Tenancy since 2009 at a rent £475 pcm (£5,700pa). Major works have recently been carried out to the roof.
Scarborough is a popular seaside resort located on the east coast of North Yorkshire and benefits from a resident population of approximately 60,000, a number which swells dramatically during the tourist season. From a commercial viewpoint, the property is extremely well positioned on the East side of North Street within its pedestrian walkway, directly opposite the ever popular TK Maxx. The property is also located a very short distance away from the main precinct area of Westborough / Newborough with Marks and Spencers and other major retailers located within very close proximity.
The property comprises a 4 storey mid terrace brick building under a pitched and slated roof incorporating flat sections. The ground floor is used as a shop whilst the first and second floors are arranged as a maisonette.
The frontage to North Street benefits from a central recessed timber and glazed entrance door together with two timber framed display windows. The property benefits from a very generous sales area and excellent storage. Sales Area: 88.35 sq m (951 sq ft) Storage: 36.18 sq m (389 sq ft) Total of 124.53 sq m (1,340 sq ft) The property benefits from a gross frontage of 4.11 m (136)
Accessed from a rear flat roof directly to; FIRST FLOOR: Central Hall: Understairs storage cupboard. Lounge (front): 16' 11" (5.16m) plus bay x 12' 8" (3.86m) Tiled fireplace with fitted gas fire, laminate flooring, recess shelving, window seat to front bay, radiator. Dining Area: Tiled recess area to chimney breast, high level storage cupboards, radiator. Dining Kitchen: 20' 4" (6.2m) overall x 9' 5" (2.87m) plus recess Kitchen area with drawer lined base units, laminate work surfaces, inset stainless steel sink, tiled surrounds, matching wall cupboards, double glazed rear windows, gas cooker, two refrigerators, wall mounted central heating boiler, extractor. SECOND FLOOR: Front Bedroom: 16' 10" (5.13m) x 11' 3" (3.43m) plus recess built in wardrobe with cupboards over, radiator. Rear Lobby from Landing to; Rear Bedroom: 14' 7" (4.44m) x 6' 10" (2.08m) plus recess Inset shelf to chimney breast. Radiator. Bathroom: Part tiled walls. White suite with tiled fronted bath, pedestal washbasin, low level WC and separate shower cubicle. Radiator, uPVC double glazed window. THIRD FLOOR: Front Bedroom: 13' 10" (4.22m) plus dormer x 11' 01" (3.38m) plus recess Sloping ceiling with restrictive head height, window seat to dormer, radiator. Rear Bedroom: 12' 9" (3.89m) x 6' 11" (2.11m) Double glazed window, radiator.
The leases are available to view to seriously interested parties.
Commercial: Band C Residential: TBA
We understand VAT is payable on the commercial element of the building.
By appointment only via the Sole Agents: CPH Property Services 19 St. Thomas Street Scarborough North Yorkshire YO11 1DY Contact: Joe Walker MRICS Tel: 01723 352235 Email: email@example.com