£130,000

Retail premises for sale

  1.  Investment

£130,000

(£130,000.00/sq. ft)

Retail premises for sale

Mary Street, Scunthorpe DN15

1 sq. ft

Local area information

Property location

Nearby amenities

  • Scunthorpe CofE Primary School 0.3 miles
  • Scunthorpe 0.3 miles
  • Frodingham Infant School 0.4 miles
  • Althorpe 3.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Fully income producing investment.
  • Ground floor income £6,250 pa.
  • First floor income £5,400 pa.
  • Flat has three bedrooms, kitchen, bathroom and large living room.
  • Situated in the centre of Scunthorpe's commercial activity.
Location


The subject property is situated on a corner location with frontage to Mary Street. Mary Street is within the commercial centre of Scunthorpe and runs parallel with High Street the main retail area of the town.

The main bus routes which serve the town centre run along Mary Street with there being several bus stops within the immediate vicinity. As well as allowable on street parking to adjoining streets including Laneham Street and Dunstall Street, this area of the town is served by large Local Authority car parks.

At this location the subject property is surrounded by retailers and office users which are traditionally associated with town centres.
Description


The retail unit has a corner position within an end terrace property that is double storied which also has a large extension to both ground and first floor. The accommodation is built to traditional materials in brick beneath tiled and flat roofs with a rendered front elevation.

Ground floor, upvc shop front and entrance door with roller shutter, further door to side elevation. The unit is used as a dog grooming parlour and has reception, work area, storage, WC, kitchen area and wash room.

First floor, separately accessed with internal staircase, three bedrooms, kitchen, bathroom and large living room.
Accommodation


Ground floor 64.85 sqm 697 sq ft

First floor Three bedroom flat.

Car parking Two spaces
Rateable value


Ground floor, the property is entered in the rating list as Shop & Premises. Rateable Value £4,100 pa. The rateable value is below the Government threshold for small business rate relief. An ingoing tenant may be able to claim 100% exemption. Interested parties are advised to contact the Local Rating Authority as to whether any rate relief is available. First floor – Council Tax banding A.
Services


Gas, electricity and water are understood to be connected to the subject property. Gas fired central heating system to parts of ground floor retail. First floor has gas central heating. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use. Gf EPC C62, ff EPC D60.
Disposal terms


The property is being sold subject to the existing tenancies. Ground floor the tenant trades as a dog grooming parlour and has been in occupation since 2014, tenant currently holding over on the lease. Present rent £6,250 pa on an internal repairing lease. First floor flat the tenant is on a periodic tenancy agreement. Present rent £5,400 pa although the landlords are serving notice to increase this rent by £750.00 pa.

More information

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  1. Zoopla
  2. Commercial for sale
  3. North Lincolnshire
  4. Scunthorpe
  5. Mary Street

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