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Lot - 105-107 Mary Street, Scunthorpe, North Lincolnshire, DN15 6LA

Guide Price* £75,000 +

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Property Type
Retail Property (high street)
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • In the same ownership for over 37 years
  • Freehold two-storey mid terraced building arranged as a retail and office unit
  • Retail unit, offices, work rooms, kitchen, wc’s
  • Edge of town centre location
  • Close to public car parks
  • Currently Producing £9,000 p.a.

Freehold two-storey mid terraced building arranged as a retail / office unit - Investment producing £9,000 p.a.

Description

The property comprises a large two storey premises situated within a terrace of similar properties. The front part of the premises has a retail frontage and is of traditional brick construction under a pitched concrete tile roof. The ground floor frontage has aluminium framed display windows with a recessed entrance and security shutters. There is a substantial extension to the rear which is of two storey brick construction under a flat roof. The remaining windows are a combination of upvc framed and timber casement. There is gas fired central heating.

Location

The property is situated on the south side of Marys Street in Scunthorpe between the junctions with Laneham Street and Oswald Road. This is a mixed-use location on the edge of the town centre with nearby properties being home to a variety of local businesses including office occupiers, retail and food and beverage. There are residential properties close by. There is a surface level pay and display car park a short walk from the premises.

Scunthorpe is the administrative centre for North Lincolnshire and sits to the south of the Humber adjacent to the M180. The town has a wide industrial basis. The population is just over 80,000 with a wider, mainly rural catchment area.

Accomodation

Floor Accommodation NIA Floor Area (Sq.m) NIA Floor Area (Sq.ft) Tenant Tenancy Rent (p.a.)
Ground floor



First floor
Open plan Office / Reception area, additional offices and work rooms

Offices, work rooms, storage, kitchen, wc’s
172.0 1,851 Desk Top Publications Limited The entire premises are let on an internal repairing lease. The tenant is holding over on the terms of an original 5-year lease from 1/9/2016. £9,000
Total current rent payable £9,000 per annum

EPC Rating

E

VAT

Please refer to the legal pack in this regard

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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