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79-81 High Street, Scunthorpe, DN15 6LZ

  • Auction
  • Lot 08
  • United Kingdom
  • Building
  • Commercial

*GUIDE PRICE £550,000 +

Property Summary

  • Freehold retail investment
  • Let to Barclays Bank plc with c.7 years unexpired
  • Prime town centre location
  • Producing £50,000 per annum

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Ruth Bolton
Vendor's Solicitor

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Ruth Bolton
Vendor's Solicitor

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Description

A prominent two storey property of traditional construction, currently arranged as a ground floor banking hall with ancillary offices. There are additional offices and storage rooms to the first floor. The building totals about 335.66 sq m (3,613 sq ft).

Location

Scunthorpe is a thriving regional town located about 50 miles south east of Leeds, 20 miles east of Doncaster, 30 miles south of Hull and 143 miles north of London. There are excellent transport links with the M18 being 4 miles south, and the rest of the national network. Humber Bridge is about 15 miles to the north linking the town with Kingston upon Hull. The property is located on a prominent corner position on the High Street, the town's principle retailing thoroughfare. Nearby occupiers include New Look, Primark and Boots. Large businesses located in the area include Wrens Kitchens and British Steel.

Tenancy

Note: Barclays Bank plc for the year ending 31/12/2018 a turnover of £1,971,400,000, pretax profit of 1,286,000,000 and total assets of 877,700,000,000.

Planning

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

Tenure

Freehold

Property Table

FloorAccommodationTenancyRent PA
TOTAL335.70 sq m (3,613 sq ft) £50,000
Ground
First
Attic
171.30 sq m (1,844 sq ft)
137.60 sq m (1,481 sq ft)
26.80 sq m (288 sq ft)
Let to Balclays Bank plc for a term of 20 years from 03/05/2006£50,000

Measurements provided by the vendor.

Joint Agent
Simon Gregory - Smith Price RRG  
T: 020 7318 5626
E: sgregory@rrg.co.uk

VAT

VAT Not Applicable.

Buyer's Fee

A Buyer's Fee of £10 (inclusive of VAT) is applicable to the successful purchaser of this lot. If you have not made the successful bid for the property, the Buyer's Fee will be refunded to you.

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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