2 Newborough Street Scarborough North Yorkshire YO11 1NA

2 Newborough Street
Scarborough
North Yorkshire
YO11 1NA

Freehold Retail Investment

Entirely let to Tui UK Limited, t/a Thomson
Prominent position on Scarboroughs prime pedestrianised retail pitch
Situated diagonally opposite The Balmoral Centre
Nearby occupiers include Marks & Spencer, Costa Coffee, NatWest and Clarks Shoes
Six Week Completion Available

Lot
28
Auction
10th July 2012
Rent
£42,175 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Entirely let to Tui UK Limited, t/a Thomson
Prominent position on Scarboroughs prime pedestrianised retail pitch
Situated diagonally opposite The Balmoral Centre
Nearby occupiers include Marks & Spencer, Costa Coffee, NatWest and Clarks Shoes
Six Week Completion Available

Lot 28
Auction 10th July 2012
Rent £42,175 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund

Property Information

Location

Miles: 35 miles north-east of York, 58 miles north-east of Leeds, 36 miles south-east of Middlesborough
Roads: A1 (M), A170 A64
Rail: Scarborough Railway Station
Air: Durham Tees Valley Airport, Humberside Airport

Situation

The property is situated in a prime position on the pedestrianised part of Newborough in the heart of Scarborough, a popular tourist coastal town in the North-East. Nearby occupiers include Marks & Spencer, Costa Coffee and Barclays while The Balmoral Centre situated diagonally opposite, houses Miss Selfridge, The Body Shop, T-Mobile and others.

Tenure

Freehold.

Location

Miles: 35 miles north-east of York, 58 miles north-east of Leeds, 36 miles south-east of Middlesborough
Roads: A1 (M), A170 A64
Rail: Scarborough Railway Station
Air: Durham Tees Valley Airport, Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary storage at the rear and on the first and second floors. There is also a basement but this is not currently accessible.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with ancillary storage at the rear and on the first and second floors. There is also a basement but this is not currently accessible.

VAT

VAT is applicable to this lot.

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 Ground First Second	Retail Ancillary Ancillary Ancillary	62.80 sq m 22.67 sq m 76.83 sq m 52.68 sq m	(676 sq ft) (244 sq ft) (827 sq ft) (567 sq ft)	TUI UK LIMITED(t/a Thomson) (2)	10 years from 25/12/2005 on a full repairing and insuring lease	£42,175	25/12/2010 (24/12/2015)
Totals		214.98 sq m (1)	(2,314 sq ft) (1)			£42,175

(1) Please note these floor areas were agreed between parties at the lease renewal.
(2)Tui UK Limited is a subsidiary of Thomson Travel Group (Holdings) Limited who for the year ending 30th September 2010, Thomson Travel Group (Holdings) Limited reported pre-tax profits of £65,000,000 and a total net worth of £614,000,000. (Source: www.riskdisk.com 14/06/2012) TUI Travel is one of the worlds leading leisure travel companies, with over 250 trusted brands in 180 countries and more than 30 million customers. (Source: www.tuitravelplc.com)