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82a High Street, Scunthorpe, DN15 6SA

  • Auction
  • Lot 83
  • United Kingdom
  • Retail
  • Commercial

Invited Opening Bid £350,000

Property Summary

  • Freehold retail investment let to H Samuel (Been in occupation c.30 years)
  • Three storey building totalling about 259.30 sq m (2,791 sq ft)
  • Prime High Street location
  • Currently producing £35,000 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 three storey 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 152.50 sq m ( 1,642 sq ft), first floor 52.40 sq m (564 sq ft) and second floor 54.40 sq m (586 sq ft). The net internal floor area totals about 259.30 sq m (2,791 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 next to Primark. Nearby occupiers include 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
82A High StreetGround226.22 sq m (2,435 sq ft)Let to H Samuel expiring 18/11/2024 (*1)£35,000
 First52.40 sq m (564 sq ft)  
 Second54.40 sq m (586 sq ft)  

Measurements provided by the vendor.

(*1) Tenant's break option on 2 May 2022 subject to (a) 6 months' notice and (b) a break payment by the tenant of £17.5K. Measurements have been provided by the vendor.

For the year ending 28/01/2017 H Samuel Limited reported a turnover of £247,414,000, gross profit of £35,850,000 and operating profit of £17,003,000 (Source:Companies House). H Samuel have about 500 stores nationwide and is part of Signet Jewellery Limited that are the worlds largest retailer of diamond jewellery with over 3,600 stores globally. We have been informed that the tenant has been in occupation for over 30 years.

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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