Property photos
Freehold
Offers in region of
£265,000
Property for sale
Cole Street, Scunthorpe DN15Local area information
Property location
Nearby amenities
- Scunthorpe CofE Primary School 0.2 miles
- Frodingham Infant School 0.3 miles
- Scunthorpe 0.4 miles
- Althorpe 3.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Investment property for sale
Three interconnected mid terraced properties in excellent location
situated just off the pedestrianised area of the high street
Currently let as A whole on A full repairing and insuring lease for A term of 6 years from October 2020 to an oriental grocery retailer
current rental income £18,000 per annum
Main Sales (15.14m (49'8") x 9.75m (32'0"))
Secondary Sales (12.85m (42'2") x 5.03m (16'6"))
Store One (4.06m (13'4") x 4.67m (15'4"))
Store Two (4.67m (15'4") x 4.11m (13'6"))
Kitchen (3.78m (12'5") x 1.98m (6'6"))
Store Three (4.67m (15'4") x 4.11m (13'6"))
Store Four (4.22m (13'10") x 3.99m (13'1"))
Store Five (3.81m (12'6") x 3.10m (10'2"))
First Floor Flat
A one bedroomed flat comprising living room, kitchen, bedroom and bathroom
Outside
To the rear of the property there is parking for approximately 4 cars
Lease Details
The property is held on a lease dated 2nd March 2021 for a term of 6 years from 3rd October 2020 at a rent of £18,000 per annum exclusive. The lease is full repairing and insuring, and the existing tenant has been in occupation for over 20 years.
Price
The property is available freehold, subject to the existing tenancy, for offers in the region of £275,000.
Three interconnected mid terraced properties in excellent location
situated just off the pedestrianised area of the high street
Currently let as A whole on A full repairing and insuring lease for A term of 6 years from October 2020 to an oriental grocery retailer
current rental income £18,000 per annum
Main Sales (15.14m (49'8") x 9.75m (32'0"))
Secondary Sales (12.85m (42'2") x 5.03m (16'6"))
Store One (4.06m (13'4") x 4.67m (15'4"))
Store Two (4.67m (15'4") x 4.11m (13'6"))
Kitchen (3.78m (12'5") x 1.98m (6'6"))
Store Three (4.67m (15'4") x 4.11m (13'6"))
Store Four (4.22m (13'10") x 3.99m (13'1"))
Store Five (3.81m (12'6") x 3.10m (10'2"))
First Floor Flat
A one bedroomed flat comprising living room, kitchen, bedroom and bathroom
Outside
To the rear of the property there is parking for approximately 4 cars
Lease Details
The property is held on a lease dated 2nd March 2021 for a term of 6 years from 3rd October 2020 at a rent of £18,000 per annum exclusive. The lease is full repairing and insuring, and the existing tenant has been in occupation for over 20 years.
Price
The property is available freehold, subject to the existing tenancy, for offers in the region of £275,000.
More information
Listed by
Bell Watson & Co
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