Paul Fox Commercial


t: 01724 870520
f: 01724 870532
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1021 sq ft (55.36 sq m)
  • Mixed High Street investment.
  • Excellent trading location.
  • Comprises 1 shop and 2 flats.
  • All income producing.
  • Ground floor let on 10 year lease.
  • Total income 23,720
  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 it size. The subject property is situated on High Street which is the main retail area of the town. High Street at this location is part of the inner traffic management scheme and is one way. Slightly further to the east is the pedestrian area of the town encompassing The Foundry and Parishes shopping centre which has integrated the town with leisure, parking and traditional retail. The subject property has frontage to High Street with this area of the town mainly focused on retail although slightly further to the west retail is interspersed with leisure uses. Surrounding this area of High Street are several large Local Authority car parks.
  The accommodation is of traditional construction with outer elevations of brick beneath tiled and flat roofs. Attractive curved windows to upper floor. Ground floor, lock up unit let to a barbers with modern shop display windows. The rectangular shop area is now divided by stud wall and a sliding glass door allowing for rear storage, kitchen, two WCs and includes access to a rear ten foot passageway. First floor flat accessed via a metal external staircase and comprises of living room, bedroom, kitchen and bathroom.
Description sq ft sq m
Retail 683 23.90
Secondary retail 257 23.90
Kitchen 81 7.56
2 WCs
1 Bedroom flat
1 Bedroom flat
Total 1021 55.36
  The ground floor is entered in the rating list as Shop and Premises. Rateable value 10,000 per annum. Interested parties are advised to contact the Local Rating Authority as to whether any rate relief is available. The flats are assessed under Council Tax Band A.
  Electricity, water and drainage are understood to be 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. Commercial EPC D96. First floor flat EPC D61, second floor flat EPC 68.
Disposal Terms:  
  The subject property is being sold as an investment with the existing tenants in occupation. Ground floor let to a Barbers from April 2018 for 10 years with a break clause at the end of year 5 on internal repairing terms with the tenant responsible for external repairs and is responsible for all outgoings. Passing rent 10,200 per annum.
  Viewing is strictly by appointment with the agent. Please contact the Scunthorpe office on 01724 870520 to arrange a viewing.
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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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