Paul Fox Commercial

CHARTERED SURVEYORS & ESTATE AGENTS

t: 01724 870520
f: 01724 870532
e: property@paulfoxcommercial.co.uk
 
 
 
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158 HIGH STREET SCUNTHORPE NORTH LINCOLNSHIRE

FOR SALE:
£129,500
1202 sq ft (111.76 sq m)
  • Fully income producing investment property.
  • Prominent corner position in Scunthorpe town centre.
  • Full depth display windows to 2 elevations
  • Ground floor retail.
  • Well maintained first floor flat.
158 HIGH 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 located on a prominent corner with High Street and Allanby Street with the immediately surrounding area being one way and part of the inner traffic management scheme of the town centre. Slightly further to the east is the pedestrianised area of the town centre which encompasses the Foundry and Parishes Shopping centre. The unit has a significant return frontage to Allanby Street on which is allowable on street parking. This area of the town is also well served by Local Authority car parks.
 
Description:  
 
  Traditional construction of brick with areas of render beneath pitched concrete interlocking tiles roofs. GROUND FLOOR Retail unit, modern aluminium shop front with return. Internally the retail sales area is largely rectangular in shape with disabled WC facility. Internal stairs to first floor which provides for staff toilets, staff amenity and kitchen area. FIRST FLOOR Flat, accessed via a separate entrance on Allanby Street and comprises of two bedrooms, living room, kitchen and bathroom. The flat was remodelled approximately 5 years ago to a high standard.
 
Accommodation:  
 
 
Description sq ft sq m
GROUND FLOOR RETAIL
Retail overall 1022 95
Disable WC
FIRST FLOOR
Storage 180 16.76
WC
Kitchen
FIRST FLOOR FLAT
Living room
Kitchen
Bathroom
2 Bedrooms
Total 1202 111.76
 
Rates:  
 
  Ground floor assessed as shop and premises rateable value 9,300. Note small business rate relief is now 12,000 and under. First floor flat assessed under council tax band A.
 
Services:  
 
  We understand that 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. EPC rating F 145 commercial element & EPC rating E 46 residential element. A copy of the certificate and recommendation report is available upon request.
 
Disposal Terms:  
 
  The subject property is available by way of an investment and therefore subject to the existing tenants. The ground floor retail unit is held on a 3 year lease from the 20th May 2016 with an 18 month break period requiring 6 months notice. Passing rent 6,000 per annum with the tenant responsible for internal repairs, services and rates. The first floor flat is held on an assured shorthold tenancy with the tenant paying 390.00 per calendar month. Total rental income is 10,735 per annum.
 
Viewing:  
 
  Viewing is strictly by appointment with the agent. Please contact the Scunthorpe office on 01724 870520 to arrange a viewing.
 
Price  
 
  £129,500
 
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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.
 
 
 
 
 

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