£390,000
(£114.13/sq. ft)
Retail premises for saleWestgate, Guisborough TS14
3,680 sq. ft
About this property
Receiving income of £27,500 per annum
25 year lease due to expire 1st December
Two self contained retail units
Prominent position within a high footfall area
Separately accessed first floor accommodation
Location
The property is located within the popular market town of Guisborough, 22 miles north-west of Whitby and 10.5 miles south-east of Middlesbrough. The town sits on the edge of the North Yorkshire Moors.
The property is situated on the northern side of Westgate with prominent elevated frontage of the 'high street' and holds close proximity to the Market Cross and recently renovated Town Hall.
Occupiers in the immediate vicinity include Cookfellas Wine Bar and Eatery, Greggs, Boots, Koselig Bakery, One Stop, Specsavers and Brass Monkey.
Description
The property comprises a two storey building arranged as two self contained retail units currently arranged as a bakery.
The main building has been extended to the rear to provide a kitchen, storage and ancillary accommodation. The first floor is currently arranged as bakery school with stores, offices and wc facilities.
The property can be accessed by way of either retail unit directly off Westgate, or by way of an private alleyway from both Westgate and Reid Terrace to the rear.
Accommodation
4 Westgate
Gross Frontage: 4.33 m (14 feet 2 inches)
Net Int Width: 3.76 m (12 feet 3 inches)
Shop Depth: 5.28 m (17 feet 3 inches)
Net Sales Area: 19.69 sq m (212 sq ft)
Kitchen 39.94 sq m (430 sq ft)
6 Westgate
Gross Frontage: 5.92 m (19 feet 4 inches)
Net Int Width: 5.32 m (17 feet 4 inches)
Shop Depth: 8.35 m (27 feet 4 inches)
Net Sales Area: 48.56 sq m (522 sq ft)
Stores 69.08 sq m (743 sq ft)
WC
1st Floor 4- 6 Westgate
Office/Stores 164.76 sq m (1,773 sq ft)
Rating assessment
The premises have a combined Rateable Value of £29,100. Interested parties should contact Redcar and Cleveland Borough Council for the exact rates payable.
Tenure
The premises are currently let on to Brickyard Bakery and Academy on a 25 year Fri Lease, which expires on 31st December 2043, at a passing rent of £27,500 per annum .
The freehold investment is available to purchase at an asking price of £390,000.
Viewing
Contact Paul Stevenson
The property is located within the popular market town of Guisborough, 22 miles north-west of Whitby and 10.5 miles south-east of Middlesbrough. The town sits on the edge of the North Yorkshire Moors.
The property is situated on the northern side of Westgate with prominent elevated frontage of the 'high street' and holds close proximity to the Market Cross and recently renovated Town Hall.
Occupiers in the immediate vicinity include Cookfellas Wine Bar and Eatery, Greggs, Boots, Koselig Bakery, One Stop, Specsavers and Brass Monkey.
Description
The property comprises a two storey building arranged as two self contained retail units currently arranged as a bakery.
The main building has been extended to the rear to provide a kitchen, storage and ancillary accommodation. The first floor is currently arranged as bakery school with stores, offices and wc facilities.
The property can be accessed by way of either retail unit directly off Westgate, or by way of an private alleyway from both Westgate and Reid Terrace to the rear.
Accommodation
4 Westgate
Gross Frontage: 4.33 m (14 feet 2 inches)
Net Int Width: 3.76 m (12 feet 3 inches)
Shop Depth: 5.28 m (17 feet 3 inches)
Net Sales Area: 19.69 sq m (212 sq ft)
Kitchen 39.94 sq m (430 sq ft)
6 Westgate
Gross Frontage: 5.92 m (19 feet 4 inches)
Net Int Width: 5.32 m (17 feet 4 inches)
Shop Depth: 8.35 m (27 feet 4 inches)
Net Sales Area: 48.56 sq m (522 sq ft)
Stores 69.08 sq m (743 sq ft)
WC
1st Floor 4- 6 Westgate
Office/Stores 164.76 sq m (1,773 sq ft)
Rating assessment
The premises have a combined Rateable Value of £29,100. Interested parties should contact Redcar and Cleveland Borough Council for the exact rates payable.
Tenure
The premises are currently let on to Brickyard Bakery and Academy on a 25 year Fri Lease, which expires on 31st December 2043, at a passing rent of £27,500 per annum .
The freehold investment is available to purchase at an asking price of £390,000.
Viewing
Contact Paul Stevenson
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