Commercial property for sale in Cole Street, Scunthorpe DN15

Investment property for sale

Three interconnected mid terraced properties in excellent location
situated just off the pedestrianised area of the high street

Currently let as A whole on A full repairing and insuring lease for A term of 6 years from October 2020 to an oriental grocery retailer
current rental income £18,000 per annum

Main Sales (15.14m (49'8") x 9.75m (32'0"))

Secondary Sales (12.85m (42'2") x 5.03m (16'6"))

Store One (4.06m (13'4") x 4.67m (15'4"))

Store Two (4.67m (15'4") x 4.11m (13'6"))

Kitchen (3.78m (12'5") x 1.98m (6'6"))

Store Three (4.67m (15'4") x 4.11m (13'6"))

Store Four (4.22m (13'10") x 3.99m (13'1"))

Store Five (3.81m (12'6") x 3.10m (10'2"))

First Floor Flat

A one bedroomed flat comprising living room, kitchen, bedroom and bathroom

Outside

To the rear of the property there is parking for approximately 4 cars

Lease Details

The property is held on a lease dated 2nd March 2021 for a term of 6 years from 3rd October 2020 at a rent of £18,000 per annum exclusive. The lease is full repairing and insuring, and the existing tenant has been in occupation for over 20 years.

Price

The property is available freehold, subject to the existing tenancy, for offers in the region of £275,000.