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Highly sought after location.
Ashby High Street is a vibrant trading location with over 100 outlets.
Ground floor let to Lindsey Lodge Hospice a well respected charity.
First floor 2 bed flat.
Income producing approx. £17,958 pa
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.
Situated within the popular thriving area of Ashby High Street which is Scunthorpe's second main trading area and served by large residential areas to all parts of the compass.
Ashby High Street has national retailers which include Wilkos, Iceland, Home Bargains and Tesco Express along with regional retailers and a diverse base of local traders represented within over 100 units. The property offered is on the northern side of Ashby High Street.
Ashby High Street is a main arterial road within the town and as well as being heavily trafficked has on street parking within its retail area which is backed up by Local Authority car parks.
Semi detached double fronted unit with separately accessed first floor flat. Of traditional construction with outer elevations of brick beneath a slate roof, large single storey extension beneath a flat roof.
Ground floor modern aluminium shop front with centrally placed entrance doors. Retail area is of regular shape with storage areas, ancillary accommodation, workshop and garaging. Rear loading.
First floor two bedroom flat with living room, kitchen and bathroom.
External side yard and one parking space in front of loading doors. Access to the rear is via a ten foot passageway off Belmont Street.
Retail - 101.70 sqm 1095 sq ft Storage - 26.80 sqm 288 sq ft Workshop - 29.40 sqm 316 sq ft Ancillary accommodation
2 bedroom flat with living room, kitchen & bathroom - 61.22 sqm 659 sq ft
Total - 219.12 sqm 2358 sq ft
1 parking space side yard
The property is listed as shop and premises with a rateable value of £12,750 pa. It is possible that an occupier may qualify for business rate relief under the small business rate relief scheme. Interested parties should make their own enquiries to the Rating Authority to verify the current rating liability . The flat has a council tax banding of A.
Electricity, water and drainage are understood to be connected. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use. Commercial EPC C, Residential EPC D.
The subject property is available as an investment sale. The ground floor is held on a lease by Lindsey Lodge Hospice a long established well supported charity within the area which has eight outlets. The property is held on a five year lease ending on the 12th October 2023 with a passing rent of £12,588 per annum.
The first floor flat is to be let at a rent of £400 pcm with an AST agreement to be shortly agreed. Total rent for the ground and first floor of £17,388 pa.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact Paul Fox Commercial, DN15 on +44 1724 377966 * (local rate)
Contact Paul Fox Commercial about this property
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