Freehold Retail/Residential Investment and Development Opportunity
Comprises a former Post Office and Delivery Office
Now operates as a café/bar plus two 2-bed flats on the upper floors and former Delivery Office used for general storage & distribution
Includes rear yard/parking for 5 cars (circa 1,500 sq ft)
Prominent town centre location
Nearby occupiers include Tesco Superstore, Heron Foods, Boots Pharmacy (opposite) and an eclectic mix of local retailers
Lot 23
Auction 12th December 2024
Rent £32,684 per Annum Exclusive
Status Available
Guide* £300,000
Sector Mixed Use
Auction Venue Live Streamed Auction
On Behalf of TT Group
Property Information
Location
Miles
8 miles south-east of Scarborough, 40 miles north-east of York
Roads
A64, A165, A170
Rail
Filey Railway Station
Air
Teeside International Airport
Situation
Filey is an attractive and popular seaside town located on the North Yorkshire Coast, eight miles south-east of Scarborough. The property is prominently located on the north side of Murray Street, in the heart of the town centre. Nearby occupiers include Tesco Superstore, Heron Foods, Boots Pharmacy (opposite) and an eclectic mix of local retailers.
Tenure
Freehold.
Location
Miles
8 miles south-east of Scarborough, 40 miles north-east of York
Roads
A64, A165, A170
Rail
Filey Railway Station
Air
Teeside International Airport
Situation
Filey is an attractive and popular seaside town located on the North Yorkshire Coast, eight miles south-east of Scarborough. The property is prominently located on the north side of Murray Street, in the heart of the town centre. Nearby occupiers include Tesco Superstore, Heron Foods, Boots Pharmacy (opposite) and an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property comprises a café/bar arranged on the ground floor, two separately-accessed 2-bed flats on the first and second floors, and a former Delivery Office at the rear, currently used for storage/distribution. The property benefits from a rear yard parking for 5 cars to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Description
The property comprises a café/bar arranged on the ground floor, two separately-accessed 2-bed flats on the first and second floors, and a former Delivery Office at the rear, currently used for storage/distribution. The property benefits from a rear yard parking for 5 cars to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Ground (front)
Café/Bar (Former Post Office)
104.88
(1,129)
K. CLARKSON (t/a Captain Wills Bar)
10 years from 15/02/2019 until 14/02/2029
£10,500
Ground (rear)
Storage/Distribution (Former Delivery Office)
271.74
(2,925)
G. OWRAM
A term of years from 26/06/2022 until 14/02/2029 (1) with a rent review on 31/03/2026
£8,000
First/Second
2 Residential Flats - 2-beds each
166.57
(1,793)
CAPTAIN WILLS APARTMENTS LTD with Personal Guarantee (2)
A term of years from 01/06/2020 until 14/02/2029
£14,184
Total
543.19
(5,847)
£32,684
(1) The lease is subject to a mutual option to determine on 31/03/2026. (2) The tenant sublets one of the flats for holiday lets/B&B.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
