Retail premises for sale in Westgate, Guisborough TS14

£420,000 (£114.13/sq. ft)
Interested in this property? Call +44 1642 966759 * or Request Details

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Retail premises for sale 3,680 sq. ft*

Property features

  • Receiving income of £26,000 per annum
  • 25 year lease due to expire 1st December
  • Two self contained retail units
  • Prominent position within a high footfall area
  • Separately accessed first floor accommodation

Property description

Location


The property is located within the popular market town of Guisborough, 22 miles north-west of Whitby and 10.5 miles south-east of Middlesbrough. The town sits on the edge of the North Yorkshire Moors.

The property is situated on the northern side of Westgate with prominent elevated frontage of the 'high street' and holds close proximity to the Market Cross and recently renovated Town Hall.

Occupiers in the immediate vicinity include Cookfellas Wine Bar and Eatery, Greggs, Boots, Koselig Bakery, One Stop, Specsavers and Brass Monkey.


Description


The property comprises a two storey building arranged as two self contained retail units currently arranged as a bakery.

The main building has been extended to the rear to provide a kitchen, storage and ancillary accommodation. The first floor is currently arranged as bakery school with stores, offices and wc facilities.

The property can be accessed by way of either retail unit directly off Westgate, or by way of an private alleyway from both Westgate and Reid Terrace to the rear.


Accommodation


4 Westgate

Gross Frontage: 4.33 m (14 feet 2 inches)
Net Int Width: 3.76 m (12 feet 3 inches)
Shop Depth: 5.28 m (17 feet 3 inches)
Net Sales Area: 19.69 sq m (212 sq ft)
Kitchen 39.94 sq m (430 sq ft)

6 Westgate

Gross Frontage: 5.92 m (19 feet 4 inches)
Net Int Width: 5.32 m (17 feet 4 inches)
Shop Depth: 8.35 m (27 feet 4 inches)
Net Sales Area: 48.56 sq m (522 sq ft)
Stores 69.08 sq m (743 sq ft)

WC


1st Floor 4- 6 Westgate

Office/Stores 164.76 sq m (1,773 sq ft)


Rating assessment


The premises have a combined Rateable Value of £29,100. Interested parties should contact Redcar and Cleveland Borough Council for the exact rates payable.


Tenure


The premises are currently let on to Brickyard Bakery and Academy on a 25 year Fri Lease, which expires on 31st December 2043, at a passing rent of £26,000 per annum .

The freehold investment is available to purchase at an asking price of £420,000.


Viewing


Contact Paul Stevenson

Property info

Floorplan(s): Floorplan 1

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

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For more information about this property, please contact
Thomas Stevenson, TS18 on +44 1642 966759 * (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 Thomas Stevenson, and do not constitute property particulars. Please contact Thomas Stevenson 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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