Available Properties

84-85 Newborough, Scarborough, YO11 1DF

Property Type: High Street
Status: New
Contact: Jonathan Peasgood (07831 505079)

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Tenure: Freehold
Lease Type:
Rent: £535,000 pa, which shows an initial yield of 7.5% after purchasers costs of 4.8%
Notes:

Prime retail unit let to Blacks Outdoor Retail Limited.

Renowned tourist resort on the Yorkshire Coast with 7 million visitors annually.

new lease of 10 years (5 break) from April 2019.

Low initial rent of £42,000 pa.  reflecting £42.86 psf.

Excellent rental growth prospects.

Ideal SIPP purchase.

Let to Blacks Outdoors Leisure Ltd t/a Millets.

Offers sought over £535,000 pa, which shows an initial yield of 7.5% after purchase costs of 4.8%.

 

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