Scunthorpe 01724 865 555
Brigg 01652 655 151
Estate Agents, Valuers & Chartered Surveyors

FRODINGHAM ROAD, Scunthorpe

£85,000

1 photos

INVESTMENT FOR SALE
Subject to existing lease

* Currently let to Corals Bookmakers
* Situated in a popular trading location
* Ground floor area in the region of 580 sq ft plus ancillaries


INVESTMENT FOR SALE

* Currently let to Corals Bookmakers
* Situated in a popular trading location
* Ground floor area in the region of 580 sq ft plus ancillaries

ACCOMODATION

SALES AREA 4.34m (14'3") x 4.50m (14'9")
With aluminium shop front, suspended ceiling, air conditioning units.

LADIES WC FACILITIES

GENTS WC FACILITIES

N.B
The first floor is included in the lease, however we are advised that this is boarded up with no access.

This property is currently joined on the ground floor to 120 Frodingham Road, however we are only selling number 122. There is a clause in the lease that should Corals vacate the property they have to reinstate the dividing wall between the properties.

SERVICES (not tested)
Mains water, electricity and drainage are connected to the property.

LEASE DETAILS
The property is held on a lease dated 22nd October 2013 to Coral Racing Limited. The term of the lease is 10 years, expiring in 2023 with no break clause. The current rent payable is £6,000 per annum. There was a rent review due in October 2018 which can be implemented. A copy of the lease is available from the Agents Scunthorpe office upon request.

RATES
Rateable Value - £11,750.00
Rates Payable - £5,748.28

Reference: COM19009


Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers/tenants must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

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