Offers over
£625,000
(£58.34/sq. ft)
Property for saleBarrys Lane, Scarborough YO12
10,713 sq. ft
Freehold
About this property
Established trade counter investment opportunity
Located in the heart of the town's trade counter and out of town retail provision
Description
The property comprises a well configured trade counter / industrial unit constructed around a steel portal frame with brick and clad elevations situated under a pitched roof. Internally, the unit benefits from trade counter / showroom and dedicated office and staff welfare space. Within the warehouse, the unit benefits from translucent roof panels, ground level loading doors and an internal eaves height 4.96 metres
Externally the units benefit from a shared tarmacadam yard for parking and loading.
Location
The property is situated on Barry’s Lane which has direct access onto Seamer Road (A64), the main arterial route into Scarborough.
Viewings
For further information or to arrange an inspection, please contact:
Jacques Esterhuizen
Isabelle Leigh
Proposal
We are instructed to seek offers in excess of £625,000 (Six Hundred & Twenty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 6.77%, assuming purchaser’s costs 5.12% and a very low capital value of £58.34 per sq ft.
The property comprises a well configured trade counter / industrial unit constructed around a steel portal frame with brick and clad elevations situated under a pitched roof. Internally, the unit benefits from trade counter / showroom and dedicated office and staff welfare space. Within the warehouse, the unit benefits from translucent roof panels, ground level loading doors and an internal eaves height 4.96 metres
Externally the units benefit from a shared tarmacadam yard for parking and loading.
Location
The property is situated on Barry’s Lane which has direct access onto Seamer Road (A64), the main arterial route into Scarborough.
Viewings
For further information or to arrange an inspection, please contact:
Jacques Esterhuizen
Isabelle Leigh
Proposal
We are instructed to seek offers in excess of £625,000 (Six Hundred & Twenty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 6.77%, assuming purchaser’s costs 5.12% and a very low capital value of £58.34 per sq ft.
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