Description
INCOME PRODUCING INVESTMENT*** Ground floor retail unit trading as One Stop on a new 5 year lease. EXCELLENT TRADING POSITION 1,648 sq ft
Let to Individuals (t/a One Stop) for a term of 5 years from 26.06.2026 on a FRI Lease Reversion 2031 Rent: £24,000 per annum Tenant has been in occupation since at least 2010
The area has been calculated to extend to the following net areas: Ground Floor 153.12 sq m (1,648 sq ft) Leasehold. Held on a lease for 999 years from from Completion at a peppercorn ground rent
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £24,000 PER ANNUM
Town centre location. Occupiers close by include: Boyes Department Store, William Hill, Cooplands, Lloyds Bank, and Marks & Spencer amongst many others
INCOME PRODUCING INVESTMENT*** Ground floor retail unit trading as One Stop on a new 5 year lease. EXCELLENT TRADING POSITION 1,648 sq ft Let to Individuals (t/a One Stop) for a term of 5 years from 26.06.2026 on a FRI Lease Reversion 2031 Rent: £24,000 per annum Tenant has been in occupation since at least 2010 The area has been calculated to extend to the following net areas: Ground Floor 153.12 sq m (1,648 sq ft) Leasehold. Held on a lease for 999 years from from Completion at a peppercorn ground rent PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £24,000 PER ANNUM Town centre location. Occupiers close by include: Boyes Department Store, William Hill, Cooplands, Lloyds Bank, and Marks & Spencer amongst many others
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 5 Years
Rent: £24,000 per year / £2,000 per month
Yield: 10% (approx)
Tenant: Company
Notes: Let to Individuals (t/a One Stop) for a term of 5 years from 26.06.2026 on a FRI Lease Reversion 2031 Rent: £24,000 per annum Tenant has been in occupation since at least 2010
Maps & Location
Map Street View SatelliteSituated in a prominent and highly accessible position within Scarborough town centre, one of North Yorkshire’s best-known coastal destinations. Newborough benefits from its central location, with a wide range of shops, cafés, restaurants, professional services and leisure facilities available within the surrounding town-centre area. Scarborough is a well-established seaside resort, attracting both a substantial local population and significant numbers of visitors throughout the year. The town is renowned for its two sandy bays, historic harbour, Scarborough Castle, beaches, parks and extensive leisure and entertainment offer, including the Stephen Joseph Theatre, Scarborough Spa and Open Air Theatre. The property benefits from excellent transport connections. Scarborough Railway Station is centrally located and provides regular services to destinations including York, Leeds, Manchester, Hull and Bridlington, with onward connections to the wider UK rail network. The station also has direct bus and taxi connections, making the area readily accessible for customers, staff and visitors. The town is well connected by road, with the A64 providing access towards York and the wider motorway network, while the A165 and A171 provide routes along the Yorkshire coast and towards surrounding towns. Scarborough also benefits from a number of car parks and Park & Ride
Document Downloads
Pricing Information & Bidding
Opening Bid: £230,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
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General Terms & Conditions of Sale
Lot Specific Terms - 56-57Newborough, Scarborough, North Yorkshire