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36-54 Newlands Park Dr 2,470 sq ft Retail Unit Offered at £565,000 in Scarborough YO12 6DJ
Investment Highlights
- Current rent of £35,500 per annum on an FRI lease
- Recently refurbished, with works completed in April 2025
- Located in a busy suburban parade in one of the UK’s leading coastal resorts
- Ideal SIPP purchase
Executive Summary
44-46 Newlands Park Drive comprises a double retail unit with two independent residential units above, each with separate access and last used as storage. The ground floor includes 1,778 sq ft of sales accommodation and 692 sq ft of ancillary staff/storage space. The property sits within a busy suburban retail parade in Scarborough, around half a mile north of the town centre and close to North Bay.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 6.00% |
| Sale Type | Investment |
| Net Initial Yield | 6.00% |
| Tenure | Freehold |
Description
The premises comprise a double retail unit with two independent
residential units above with separate access, last used as storage.
residential units above with separate access, last used as storage.
Sale Notes
The property is let to Co-operative Group Food Limited on a 15-year FRI lease from 21 February 2025, expiring 20 February 2040. The lease is a renewal of a previous 25-year term, with rent reviews every 5 years and a tenant break option on 20 February 2035. The tenant is responsible for all repairs and insurance.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 44-46 | 2,470 sq ft | Retail | £565,000 (£228.74/sq ft) | £33,900 |
Unit 44-46
| Unit Size |
| 2,470 sq ft |
| Unit Use |
| Retail |
| Price |
| £565,000 (£228.74/sq ft) |
| NOI |
| £33,900 |
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Unit 44-46
| Unit Size | 2,470 sq ft |
| Unit Use | Retail |
| Price | £565,000 (£228.74/sq ft) |
| NOI | £33,900 |
| Sale Type | Investment |
| Net Initial Yield | 6.00% |
| Tenure | Freehold |
| Description | |
|
The premises comprise a double retail unit with two independent residential units above with separate access, last used as storage. |
|
| Sale Notes | |
| The property is let to Co-operative Group Food Limited on a 15-year FRI lease from 21 February 2025, expiring 20 February 2040. The lease is a renewal of a previous 25-year term, with rent reviews every 5 years and a tenant break option on 20 February 2035. The tenant is responsible for all repairs and insurance. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 10,611 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 5,306 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1950 |
| Costar Property Class | B | Total Plot Size | 0.24 ac |
| Total Property Size | 10,611 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 5,306 sq ft |
| Year Built | 1950 |
| Total Plot Size | 0.24 ac |
Amenities
- Storage Space
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Nearby Major Retailers
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Street View
Street
Map
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36-54 Newlands Park Dr
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