Retail premises for sale in High Street, Scunthorpe North Lincolnshire DN15

£329,000 (£265.32/sq. ft)
Retail premises for sale 1,240 sq. ft*
Interested in this property? Call +44 1724 377966 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Investment potential income £50,000 per annum.
  • Shop and bedsits
  • Well located property.
  • Prominent corner location to High Street.
  • Ground floor currently empty, nine separately accessed bedsits above.
  • Designed for easy management.

Property description

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


Retail unit previously 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

ground floor


Retail -38.20 sqm - 411 sq ft
Plus - 8.76 sqm - 94 sq ft
Staff room - 13.15 sqm - 141 sq ft
Office - 9.76 sqm - 105 sq ft
Lobby - 12.09sqm - 130 sq ft
Kitchen - 6.40 sqm 68 sq ft
2 WCs


First floor part


Office 1 - 8.14 sqm - 87 sq ft
Office 2 - 18.99 sqm - 204 sq ft

Total - 115.49 sqm - 1240 sq ft


First floor part second floor


9 bedsits, kitchens and bathrooms.


Rateable value


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.


Disposal terms


The subject property is sold as an investment and therefore subject to the existing occupiers. The ground floor is vacant but previously occupied by the Money Shop who were paying a rent of £14,500 per annum. Part first floor and second floor nine bedsits £35,619 per annum. Landlord responsible for repairs, council tax, heating, power, cleaning and insurances. Therefore there is a potential income of around £50,000 gross.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Paul Fox Commercial, DN15 on +44 1724 377966 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Paul Fox Commercial, and do not constitute property particulars. Please contact Paul Fox Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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