Cole Street, Scunthorpe

Summary

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

Full Description

MAIN SALES 15.14m (49'8") x 9.75m (32'0")

SECONDARY SALES 12.85m (42'2") x 5.03m (16'6")

FIRST FLOOR

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.

Reference: COM202120

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.