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52-56 North Marine Rd 3,351 sq ft Retail Property Scarborough YO12 7PE £495,000 (£147.72/sq ft)

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Executive Summary

We are delighted to bring to the market this well-located mixed-use commercial freehold investment property on North Marine Road. The property is fully let, comprising a ground floor commercial unit secured on a 20-year lease, with eight residential flats above, all generating consistent rental income. The asset produces a current income of approximately £48,000 per annum, with potential for future increases in residential income, offering a stable and attractive long-term investment opportunity. Call our sales team on[use Contact Agent Button] for further information.

Commercial Unit - Currently let on a 20 year lease starting April 2011. Approximately 43 square meters in total

8 Flats Over 2 Floors - Communal Entrance on North Marine Road.
First floor - 2 x one bedroom flats, one with a separate lounge
Second Floor - 3 x one bedroom flats
Third Floor - 3 x one bedroom flats.
All flats have independent gas central heating and electric meters.

Income - We advised that the currently income is approximately £48,000 per annum with potential for increased residential rents.

Sample Floorplan Of A Residential Flat -

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Shopfront

Property Size

3,351 sq ft

Costar Property Class

Year Built

1908

Price

£495,000

Price per sq ft

£147.72

Tenancy

Single

Number of Floors

Frontage

55 ft on North Marine Road

Corner Lot

Major Tenants

-
2,000 sq ft
-
-

They are open seven days a week, early to late, and with their stores throughout England and Wales, there’s sure to be a One Stop near you. Whether you need to pick up breakfast and a newspaper on your way to work, or prepare for tonight’s meal with their Own Label range and a bottle of wine. Whatever the occasion, there’s something for everyone. In many of their shops they offer services on your doorstep, saving you time and effort, such as free cash withdrawals, a Post Office, National Lottery, My Hermes and many more. Since 2003 they have been a subsidiary of Tesco, but they operate as a separate business. With over 10,600 colleagues, they are a major employer.