Paul Fox Commercial

CHARTERED SURVEYORS & ESTATE AGENTS

t: 01724 870520
f: 01724 870532
e: property@paulfoxcommercial.co.uk
 
 
 
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12-14 RAVENDALE STREET SCUNTHORPE NORTH LINCOLNSHIRE

FOR SALE:
£160,000
1811 sq ft (168.55 sq m)
  • Busy & vibrant town centre location.
  • Strategic purchase opportunity.
  • Approx. 1811 sq ft 168 sqm + parking spaces.
  • Trading as a bridalwear retailer.
  • Tenanted until 31/08/2016 vacant possession thereafter.
  • Passing rent £10,800 pa
12-14 RAVENDALE STREET SCUNTHORPE NORTH LINCOLNSHIRE,
Location:  
 
  The subject property is situated in Scunthorpe which is the commercial centre of North Lincolnshire. Scunthorpe has a resident population of approximately 75,000 with industry, retail and amenities commensurate with its size. The subject property is situated on Ravendale Street North which is a popular retail and commercial area of the town and includes a pedestrianised area linking to High Street a short distance to the north with its national, regional and financial institutions. The balance of Ravendale Street is part of the inner traffic management scheme of the town and therefore is well trafficked which also leads to major Local Authority car parks. Ravendale Street North also allows free on street car parking which is of considerable advantage to businesses within this area. Users on Ravendale Street include retail, fashion clothes, furniture, hairdressers, and grocery businesses. The pedestrianised part of Ravendale Street is recognised as Scunthorpe’s café culture area and as such has outside seating making this a vibrant destination.
 
Description:  
 
  A mid terrace property of traditional construction with outer elevations of brick beneath tiled roofs. Distinctive and attractive frontage with tile hanging and modern aluminium shop front with deep display windows. The shop front has been designed to provide excellent display facilities and includes a wide recessed area leading to the entrance door. Security roller shutters. Retail areas are over the ground and first floor in a largely open plan format with ancillary accommodation to the rear. Retail areas are to traditional decorative finishes and include a mixture of traditional and feature lighting. The unit has the benefit of air conditioning for cooling and heating. To the rear is on site parking for approximately 6 cars double parked.
 
Accommodation:  
 
 
Description sq ft sq m
GROUND FLOOR
Retail 871 80.95
Kitchen area
WC
FIRST FLOOR
Retail 699 65.09
Office 121 11.29
WC
Landing storage 120 11.22
EXTERNAL
6 parking spaces
Total 1811 168.55
 
Rates:  
 
  The property is entered in the rating list as Shop & Premises. Rateable Value £11,000 pa. Rates Payable £5,302 pa. Interested parties are advised to contact the Local Rating Authority as to whether any rate relief is available.
 
Services:  
 
  It is understood that mains electricity, water and drainage are connected to the subject property. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use.
 
Disposal Terms:  
 
  The subject property is available freehold but subject to the existing tenancy agreement with the main points noted below. Due to the nature of the letting this gives the opportunity for a purchaser to make a strategic purchase within Scunthorpe town centre. The property can either be used for a long term investment or for trading purposes as the lease provides for vacant possession at the end of the current lease. This would give a potential purchaser if they wished to trade from the premises and a change of use was required the opportunity of obtaining all statutory permissions prior to vacant possession being obtained. Existing lease - the accommodation is occupied by Nathalie French a bridal wear shop who has traded from the premises for many years. They currently have a 1 year lease commencing on the 1st September 2015 with the tenant responsible for all outgoings, internal repairs along with plate glass and security shutter maintenance with the lease being set outside the Landlord & Tenant Act from a security of tenure point of view. We have been informed that possession should the purchaser desire can be obtained at the end of the lease. Passing rent £10,800 per annum.
 
Viewing:  
 
  Viewing is strictly by appointment with the agent. Please contact the Scunthorpe office on 01724 870520 to arrange a viewing.
 
Price  
 
  £160,000
 
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Conditions under which particulars are issued: Fox Knight (Commercial) Ltd trading as Paul Fox Commercial - for themselves and for their vendors or lessors of this property whose agents they are give notice that: i) the particulars are set out as a general outline only for the guidance of the intending purchaser or lessees and do not constitute, or constitute part of an offer or contract; ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith but without responsibility on the part of the vendor, lessor, Fox Knight (Commercial) Ltd trading as Paul Fox Commercial or their employees. Any intending purchaser or lessee should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; iii) no person in the employment of Fox Knight (Commercial) Ltd trading as Paul Fox Commercial, has any authority to make or give representations or warranty whatsoever in relation to the property; iv) all rentals and prices are quoted exclusive of VAT; v) Fox Knight (Commercial) Ltd trading as Paul Fox Commercial will not be liable, in negligence or otherwise for any loss arising from the use of these particulars.
 
 
 
 
 

Paul Fox Commercial is the trading name of Fox Knight (Commercial) Ltd. Registered in England No. 3497668
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