82/83 Newborough Scarborough North Yorkshire YO11 1ET

82/83 Newborough
Scarborough
North Yorkshire
YO11 1ET

Freehold Retail Investment

Let to Poundworld Retail Limited
Approximately 4,891 sq ft
Pedestrianised town centre location
Close to The Balmoral Shopping Centre
Nearby occupiers include Marks & Spencer, TK Maxx, Iceland, Wilko and Edinburgh Woollen Mill
High Yielding on Guide Price
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
41
Auction
13th October 2016
Rent
£107,250 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Freehold Retail Investment

Let to Poundworld Retail Limited
Approximately 4,891 sq ft
Pedestrianised town centre location
Close to The Balmoral Shopping Centre
Nearby occupiers include Marks & Spencer, TK Maxx, Iceland, Wilko and Edinburgh Woollen Mill
High Yielding on Guide Price
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 41
Auction 13th October 2016
Rent £107,250 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Property Information

Location

Miles: 40 miles north-east of York, 48 miles south-east of, Middlesbrough, 60 miles north-east of Leeds
Roads: A165, A170, A171, A64, A1 (M)
Rail: Scarborough Railway Station
Air: Leeds Bradford International Airport

Situation

The property is situated in a prominent position on the northern side of pedestrianised Newborough close to Westborough, St Nicholas Street and St Thomas Street. Nearby occupiers include Marks & Spencer, TK Maxx, Savers Health & Beauty, Pizza Hut, Edinburgh Woollen Mill, Iceland, McDonald's and branches of RBS, Natwest, Lloyds and Barclays banks. The Balmoral Shopping
Centre is also close by with retailers including Wilko, Card Factory, Miss Selfridge and The Body Shop, as well as car parking for approximately 480 cars.

Tenure

Freehold.

Location

Miles: 40 miles north-east of York, 48 miles south-east of, Middlesbrough, 60 miles north-east of Leeds
Roads: A165, A170, A171, A64, A1 (M)
Rail: Scarborough Railway Station
Air: Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property comprises a double fronted ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a double fronted ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground First Second	Retail/Ancillary Ancillary Ancillary	184.29 sq m 143.49 sq m 126.50 sq m	(1,984 sq ft) (1,545 sq ft) (1,362 sq ft)	POUNDWORLD RETAIL LIMITED (1)	10 years and 6 months from 01/02/2007 on a full repairing and insuring lease	£107,250	31/07/2017
Totals		454.28 sq m	(4,891 sq ft)			£107,250

(1) Poundworld is one of the UK's leading value variety retailers with over 300 stores across the UK. It serves more than two million customers every week and employs over 6,000 people nationwide. Following an investment from TPG Capital in May 2015, Poundworld intends to accelerate its store expansion programme and double in size over the next five years. For the year ending 31st March 2015, Poundworld Retail Limited reported a turnover of £422,304,000, a pre-tax profit of £13,726,000 and a total net worth of £22,197,000 (Sources: www.poundworld.co.uk Experian Group 14/09/2016).