Paul Fox Commercial

CHARTERED SURVEYORS & ESTATE AGENTS

t: 01724 870520
f: 01724 870532
e: property@paulfoxcommercial.co.uk
 
 
 
<< Back to Listing

184 HIGH STREET SCUNTHORPE NORTH LINCOLNSHIRE dN15 6EA

FOR SALE:
£375,000
1240 sq ft (115.49 sq m)
  • Well located property.
  • Prominent corner location to High Street.
  • Let to the Money Shop with nine separately accessed bedsits above.
  • Desgined for easy management.
  • High yielding.
  • Income producing 50,119 per annum.
184 HIGH STREET SCUNTHORPE NORTH LINCOLNSHIRE dN15 6EA,
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 High Street which is the main retail area of the town. To the eastern length of High Street is the Foundry and Parishes shopping centres and also areas of pedestrianisation. The unit occupies a prominent corner location to High Street and Clarke Street which leads to a large Local Authority car park. In the immediately surrounding area are convenience stores, retail, cafes along with a wealth of local traders on Oswald Road, Dunstall Street and Laneham Street.
 
Description:  
 
  GROUND AND PART FIRST FLOOR Occupied by the Money Shop which includes retail area, office, staff canteen, kitchen and WCs with an internal staircase to the first floor with two further offices. PART FIRST FLOOR AND SECOND FLOOR Comprising of nine bedsits each room is fully fitted including sink units, heating via radiators. Corridors and bedsits have tiled floors. Communal bathrooms and kitchens to both floors.
 
Accommodation:  
 
 
Description sq ft sq m
GROUND FLOOR Money Shop
Retail 411 38.20
Plus 94 8.76
Staff room 141 13.15
Office 105 9.76
Lobby 130 12.09
Kitchen 68 6.40
2 WCs
FIRST FLOOR Money Shop
Office 1 87 8.14
Office 2 204 18.99
FIRST AND SECOND FLOOR Bedsits
9 Bedsits
Kitchens
Bathrooms
Total 1240 115.49
 
Rates:  
 
  The ground floor is entered in the rating list as Shop and Premises. Rateable value 7,100 per annum. We understand that the bedsits are listed as a Band B. Interested parties are advised to contact the Local Rating Authority as to whether any rate relief is available.
 
Services:  
 
  It is understood that gas, electricity, water and drainage are connected to the subject property with the first and second floors having a separate supply for gas, electricity and water to the residential part. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use. Money Shop EPC C72. The bedsit EPC has been commissioned.
 
Disposal Terms:  
 
  The subject property is sold as an investment and therefore subject to the existing occupiers. Terms of occupancy are ground and part first floor let to the Money Shop from 2005 for 10 years therefore they are holding over, rent 14,500 per annum on internal repairing terms but responsible for all outgoings. Part first floor and second floor nine bedsits 35,619 per annum. Landlord responsible for repairs, council tax, heating, power, cleaning and insurances. Total income for the property is 50,119.
 
Viewing:  
 
  Viewing is strictly by appointment with the agent. Please contact the Scunthorpe office on 01724 870520 to arrange a viewing.
 
Price  
 
  £375,000
 
Google Map:  
 
 
 
Google Street View:  
 
 
 
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.
 
 
 
 
 

Our Policies: Terms and Conditions | Privacy Policy | Cookie Policy


Paul Fox Commercial is the trading name of Fox Knight (Commercial) Ltd. Registered in England No. 3497668
© 2018 Fox Knight (Commercial) Ltd