Property photos
Offers over
£495,000
(£86.66/sq. ft)
Block of flats for sale
Broadway, Scunthorpe DN165,712 sq. ft
Local area information
Property location
Nearby amenities
- St Bede's Catholic Voluntary Academy 0.2 miles
- Lincoln Gardens Primary School 0.3 miles
- Scunthorpe 1.4 miles
- Althorpe 3.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Location
The property is located on The Broadway, Scunthorpe. The local area benefits from retail running along the Broadway, with the block providing retail and other amenities to the local area, including: Iceland, Greggs, Morrisons Daily and Card Factory, as well as various independent operators.
Transport links for the property are good, with various bus routes outside on the main road.
Description
There are 9 flats in total, all let on AST’s. Access to the flats is via the rear of the property.
Price
Offers in excess of £495,000 (four hundred and ninety five thousand pounds) for the 999 long leasehold interest. This represents a low capital value of £86.75 psf, which is less than replacement cost.
VAT The premises are not elected for VAT.
EPC Rating tbc.
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
Address Size Bedrooms Start date Lease expiry Rent
Flat 1 Globe House 678 1 tbc tbc £4,200
Flat 2 Globe House 710 1 16/08/2021 15/08/2022 £5,400
Flat 3 Globe House 592 1 07/08/2023 06/08/2025 £5,400
Flat 4 Globe House 431 1 10/02/2023 09/02/2025 £5,400
Flat 5 Globe House 377 1 27/01/2023 26/01/2025 £5,400
Flat 6 Globe House 581 1 12/10/2018 11/04/2019 £5,100
Flat 7 Globe House 560 1 21/07/2021 20/07/2022 £5,520
Flat 8 Globe House 764 2 08/03/2023 07/03/2025 £5,400
Flat 25a The Broadway 1,019 3 10/04/2020 09/10/2020 £6,300
Total 5712 £48,120
The property is located on The Broadway, Scunthorpe. The local area benefits from retail running along the Broadway, with the block providing retail and other amenities to the local area, including: Iceland, Greggs, Morrisons Daily and Card Factory, as well as various independent operators.
Transport links for the property are good, with various bus routes outside on the main road.
Description
There are 9 flats in total, all let on AST’s. Access to the flats is via the rear of the property.
Price
Offers in excess of £495,000 (four hundred and ninety five thousand pounds) for the 999 long leasehold interest. This represents a low capital value of £86.75 psf, which is less than replacement cost.
VAT The premises are not elected for VAT.
EPC Rating tbc.
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
Address Size Bedrooms Start date Lease expiry Rent
Flat 1 Globe House 678 1 tbc tbc £4,200
Flat 2 Globe House 710 1 16/08/2021 15/08/2022 £5,400
Flat 3 Globe House 592 1 07/08/2023 06/08/2025 £5,400
Flat 4 Globe House 431 1 10/02/2023 09/02/2025 £5,400
Flat 5 Globe House 377 1 27/01/2023 26/01/2025 £5,400
Flat 6 Globe House 581 1 12/10/2018 11/04/2019 £5,100
Flat 7 Globe House 560 1 21/07/2021 20/07/2022 £5,520
Flat 8 Globe House 764 2 08/03/2023 07/03/2025 £5,400
Flat 25a The Broadway 1,019 3 10/04/2020 09/10/2020 £6,300
Total 5712 £48,120
More information
Listed by
Assembly Commercial Real Estate
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