Retail property (high street)

The property is an attractive corner property arranged over ground and 3 upper floors. The retail unit is ground floor only and accessed from Newborough with a return frontage onto North Street. The upper floors have recently been sold off for conversion to residential on a 999 year lease at a peppercorn. Refer to the legal pack.

Scarborough is a popular north eastern seaside town located in North Yorkshire approximately 40 miles north east of York and 42 miles north of Hull. It is the largest holiday resort on the Yorkshire Coast and as such, benefits from a strong tourist industry, especially during the summer months. The town benefits from good communication links with the A64 providing access to York which is 40 miles (64 km) to the south west. The A165 provides access to Hull which is 42 miles to the south, and the A171 provides access to Middlesbrough which is 47 miles to the north west. Scarborough railway station provides direct Trans-Pennine express services between Scarborough, Leeds, Manchester and Liverpool. The nearest international airport is Leeds Bradford Airport which is located 68 miles to the south west. 

The property is situated in a prime pitch on the north side of Newborough at its corner with North Street. Nearby Occupiers include M&S who are currently refurbishing their store along with TK Maxx, Millets, Trespass, Weird Fish, Tui, German Donner Kebab, Cotton Traders, Card Factory, Clarks, EE and NatWest amongst others.

The property is let to JG Foods Limited on an FRI lease for 10 years from 1st June 2017, expiring
31st May 2027. The current rent is £32,500per annum. The rent was originally £37,500pa but reduced to £32,500 pa in return for not exercising the break option.