*Guide | £95,000+ (plus fees)
- Retail Property (high street)
- Tenure: Leasehold. The property is held on a 999 year lease from 2005 (thus approximately 978 years unexpired).
Call the team on 020 7625 9007 for more information
A Ground Floor Commercial Unit with First Floor Ancillary Space Fully Let Producing £12,500 Per Annum
The property comprises a mid terrace building arranged to provide a ground floor commercial unit with first floor ancillary space.
Tenure
Leasehold. The property is held on a 999 year lease from 2005 (thus approximately 978 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Central Park are within easy reach. Transport links are provided by Scunthorpe rail station.
Accommodation
Ground Floor Retail Unit Approx. 114 sq m / 1,231 sq ft First Floor Ancillary Space Approx. 107 sq m / 1,154 sq ft GIA 221 sq m / 2,385 sq ft
Tenancy
The property is subject to a 6-year lease commencing 1 July 2026 at a rent of £9,500 per annum in Year 1, rising to £11,000 per annum in Year 2 and £12,500 per annum in Years 3 to 6. The tenant has been in occupation and trading from the unit since September 2025. Seller's Rent Top-Up The seller will provide a rental top-up from completion to ensure the buyer receives an income equivalent to £12,500 per annum. The top-up will be the difference between the rent reserved under the lease and £12,500 per annum and will continue until the tenant's rent increases to £12,500 per annum in accordance with the lease.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
