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82 High Street, Scunthorpe, DN15 6SA

  • Auction
  • Lot 77
  • United Kingdom
  • Retail
  • Commercial

Invited Opening Bid £300,000

Property Summary

  • Freehold retail investment let to Betfred
  • Three storey building totalling about 226.22 sq m (2,435 sq ft)
  • Prime High Street location
  • Currently producing £45,000 per annum

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
David Cooke
David Cooke
Joint Agent, here to help.
Peter Kay
Vendor's Solicitor

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
David Cooke
David Cooke
Joint Agent, here to help.
Peter Kay
Vendor's Solicitor

Downloads

Description

A mid terraced property of modern construction consisting of a ground floor retail unit with ancillary accommodation and storage on first and second floors. The ground floor shop with store consists of about 121.85 sq m ( 1,312 sq ft), first floor 54.96 sq m (592 sq ft) and second floor 49.37 sq m (531 sq ft). The net internal floor area totals about 226.18 sq m (2,435 sq ft).

Location

Scunthorpe, with a population of about 72,500, is an important regional industrial town and is located about 30 miles south west of Hull and 26 miles north east of Doncaster. The town has excellent road communications and is situated at the junction of the A1077 and the A159, 5 miles north of the A180, which links with the M18 at junction 5, 16 miles to the west of the town centre.

The property is located in a prime retail  location on the north side of this busy pedestrianised section of the High Street. Nearby occupiers include Primark, WH Smith, Starbucks, JD Sports, Lloyds, Boots and Vision Express. 

Tenancy

Please refer to legal documents

Planning

North Lincolnshire Council (01724 297000) www.northlincs.gov.uk

Tenure

Freehold

Property Table

AddressFloorAccommodationTenancyRent per annum
82 High StreetGround100.48 sq m (1,082 sq ft)Let to Done Brothers (Cash Betting) Limited t/a Betfred for 10 years from 11/01/2011£45,000
 Rear21.37 sq m (230 sq ft)  
 First54.96 sq m (592 sq ft)  
 Second49.37 sq m (531 sq ft)  

For the year ending 24/10/2017 Done Brothers (Cash Betting) Limited reported a turnover of £377,599,000, gross profit £292,249,000 and an operating profit of £18,946,000. Betfred is the world's biggest owner occupier bookmaker with about 1,253 shops (Source: Companies House). Measurements provided by the vendor.

VAT

Please refer to Legal Documents

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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