No longer on the market
This property is no longer on the market
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Features and description
Situated on Scarborough's iconic sea front location of Sandside, this commercial property presents a rare opportunity for a keen investor. Boasting a prime sea front location, the property is currently trading as a Londis general store and includes the Freeholds for the upper floor flats, which are subject to long term leaseholds and generates an additional ground rent.
This freehold investment is currently generating an annual rent of £20,400, providing a solid return on investment. With an unexpired term of approximately nine years, the property offers stability and security for the discerning buyer. The combination of its desirable location and the long-term rental agreement makes this an attractive proposition for those looking to expand their portfolio or enter the commercial property market.
The property’s availability is indeed a rarity, making it a unique investment opportunity that should not be overlooked. Do not miss the chance to secure a piece of this vibrant seaside community.
Guide Price - £350,000 + VAT as the building is currently elected.
The Building - A three storey building that is set out as a retail unit on the ground floor with two self contained flats above that have long term leaseholds in place.
Tenure - Freehold - to be sold with the tenancies in place.
The ground floor retail unit is subject to a formal Landlord & Tenant Act lease that commenced on 2nd September 2019 for a term of 15 years. The lease allows for rent reviews every 5 years and the current rent is set at a very reasonable rate.
Income - Rental income of £20,000 per annum + VAT for the ground floor retail unit and £200 per annum from each flat for ground rent.
Rateable Value - From information obtained on the VOA website, the current business rateable value is, £22,750 per annum.
Viewing - For any further information or to request a viewing then please call the office on[use Contact Agent Button]
To view all our current commercial listings please visit
This freehold investment is currently generating an annual rent of £20,400, providing a solid return on investment. With an unexpired term of approximately nine years, the property offers stability and security for the discerning buyer. The combination of its desirable location and the long-term rental agreement makes this an attractive proposition for those looking to expand their portfolio or enter the commercial property market.
The property’s availability is indeed a rarity, making it a unique investment opportunity that should not be overlooked. Do not miss the chance to secure a piece of this vibrant seaside community.
Guide Price - £350,000 + VAT as the building is currently elected.
The Building - A three storey building that is set out as a retail unit on the ground floor with two self contained flats above that have long term leaseholds in place.
Tenure - Freehold - to be sold with the tenancies in place.
The ground floor retail unit is subject to a formal Landlord & Tenant Act lease that commenced on 2nd September 2019 for a term of 15 years. The lease allows for rent reviews every 5 years and the current rent is set at a very reasonable rate.
Income - Rental income of £20,000 per annum + VAT for the ground floor retail unit and £200 per annum from each flat for ground rent.
Rateable Value - From information obtained on the VOA website, the current business rateable value is, £22,750 per annum.
Viewing - For any further information or to request a viewing then please call the office on[use Contact Agent Button]
To view all our current commercial listings please visit
Property information from this agent
About this agent
Colin Ellis Property Services was established back in 1991, and we have evolved and positioned ourselves as the premier Estate Agent on the East Coast of Yorkshire. With over 100 years combined experience from the partners and staff, and having traded through most market conditions, we are experts in the property market and can provide buyers and sellers with sound independent advice and support. We are committed to offering the most comprehensive service and boast a number of departments to complement our Residential Sales, including a Commercial Department and Land & New Homes. We are also General Practice Chartered Surveyors and are retained by a number of major banks, institutions, private individuals and companies who rely on our qualified expertise in property related matters ranging from Market Valuation Reports, HomeBuyer Surveys, Rent Reviews and Schedule of Conditions.