Guide Price: £125,000 To £150,000, 22 & 22a Bar Street, Scarborough, North Yorkshire, 433+51442

Property Details

Location

The property fronts onto Bar Street, accessed off Westborough and Harcourt Place, in the heart of Scarborough Town Centre. A number of national and independent retailers are situated within the Town whilst South Bay beach is a sort stroll away. There are a number of public car parks within the immediate vicinity. Scarborough sits on the edge of the North Yorkshire Moors National Park 40 miles north east of York.

Description

A five storey (including basement) mid terrace property extending to approximately 106 sq m (1140 sq ft). The freehold building comprises a ground floor and basement retail unit currently let and trading as a cafe at an annual rent of £10,200. The three upper floors consist of a variety of different rooms / offices with communal kitchen and W.C facilities. The second floor is let at £3,360 per annum and the upper floors could have potential for residential conversion, subject to planning.

Accommodation

The accommodation details have been provided by the joint agent;

Ground Floor 23.6 sq m (254 sq ft)	Main retail area, kitchen
Basement 19.8 sq m (213 sq ft)	Seating area and W.C.
First Floor 21.6 sq m (232 sq ft)	Shared kitchen facilities, Office
Second Floor 17.1 sq m (184 sq ft) excluding bathroom	Office, bathroom
Third Floor 23.9 sq m (257 sq ft)	2 x attic room with restricted head height

Tenancy

The ground floor and basement are let to an independent cafe operator on a 5 year lease dated 5th April 2019 at an annual rent of £10,200. A rent review is scheduled for April 2021.

The second floor is let to an independent trader on a 3 year lease dated 8th May 2019 at a rent of £280pcm equivalent to £3,360 per annum.

The third floor is currently occupied without a formal agreement in place although the tenant has advised he would be willing to discuss terms with a new owner.