Paul Fox Commercial

CHARTERED SURVEYORS & ESTATE AGENTS

t: 01724 870520
f: 01724 870532
e: property@paulfoxcommercial.co.uk
 
 
 
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22 FRANCES STREET SCUNTHORPE NORTH LINCOLNSHIRE DN15 6NS

FOR SALE:
£119,500
0 sq ft (63.27 sq m)
  • Town centre location.
  • Mixed use investment property.
  • Retail 6,000 per annum.
  • 4 bedsits gross 14,500 per annum.
  • Good condition throughout.
  • High return investment.
22 FRANCES STREET SCUNTHORPE NORTH LINCOLNSHIRE DN15 6NS,
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 just to the south of Scunthorpes pedestrianised retail area with at this location traders include Santander, Fallen Hero, Tony Coe jewellers, Savers, Body Shop, NatWest Bank. The unit occupies a prominent location to Frances Street with Frances Street being part of the inner traffic management scheme of the town and is therefore on a major bus and car route around the town giving the property high visibility. This area of Scunthorpe town centre is served both with on street and Local Authority car parks. In the immediate vicinity is a recruitment company and major firm of solicitors.
 
Description:  
 
  Comprises of mid terrace property. GROUND FLOOR features include aluminium shop front with side single personnel entrance door, paper and emulsion walls, false ceilings, cat lighting and carpeting along with central heating. Internally the accommodation is divided into three work areas along with kitchen, toilets and rear entrance to facilitate access to the car parking space. FIRST FLOOR comprises of residential accommodation which is currently let as four individual rooms sharing common facilities. The first floor has a separate access with all services to first floor separate.
 
Accommodation:  
 
 
Description sq ft sq m
GROUND FLOOR
Front area 39.87
Rear area 14.99
Link office 8.41
Kitchen
Rear entrance
Male and Female WCs
1 car parking space
FIRST FLOOR
4 Individual lettable rooms sharing kitchen
WC accommodation
Total 0 63.27
 
Rates:  
 
  Ground floor rateable value 5,900 pa. It is possible that an occupier may qualify for exemption to the payment of business rates under the small business rate relief scheme. The residential element is Band A. Interested parties are advised to contact the Local Rating Authority as to whether any rate relief is available.
 
Services:  
 
  It is understood that all mains services are connected to the subject property with there being a gas fired central heating system. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use.
 
Disposal Terms:  
 
  The unit is available as an investment on a freehold basis subject to the existing tenancies. The ground floor tenant Star Stores has been in occupation since 2013 and presently pays 6,000 per annum. The tenant is responsible for the payment of all services, rates and insurance. First floor generates an income of approx. 14,560 per annum with the landlord responsible for the payment of services, rates and insurance etc.
 
Viewing:  
 
  Viewing is strictly by appointment with the agent. Please contact the Scunthorpe office on 01724 870520 to arrange a viewing.
 
Price  
 
  £119,500
 
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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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