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Lot - 34 - 35 Durham Street, Scarborough, YO12 7PT Auction Lot £170,000 - £180,000 - Auction Estates

Next Auction

10 December 2020

34 - 35 Durham Street, Scarborough, YO12 7PT

Guide Price: £170,000 - £180,000


Key Features

  • Freehold commercial investment
  • Total combined income of £32,858 pa
  • Located close to Scarborough Town Centre
Draft Details Only

Freehold commercial investment property comprising 2 x dance studios, wholesale retail unit, ground floor storage unit, car park and 3 basic storage units

• Freehold commercial investment property
• Access directly off North Marine Road
• Durham Street is a cul-de-sac
• 34 - GF - Shop, changing room, w/c's & mezzanine dance studio
• 34 - FF - Music room
• 34 - SF - Dance studio & attic storage
• 34 - Total floor area circa 1,241 sq ft
• 35 - Self contained GF store room measuring circa 378 sq ft
• 35 - GF wholesale retail unit measuring circa 2,941 sq ft
• 35 - Retail area, sales area, stores & w/c
• 35a - FF - Dance studio measuring circa 2,300 sq ft
• 35a - FF - 2 x dance studios, canteen & w/c's
• 3 x basic storage units
• Not inspected by Auction Estates
• Ideal opportunity for investors

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

Fees

For each lot, a Buyers Fee of £1,200 +vat is payable to Auction Estates where the lot value exceeds £10,000, the Buyers Fee is £600 +vat.

The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold subject to the reported tenancies.

35 - Crown Paints, 5 years from July 2014 at £12,000 pa
34 - Hatton Dance Studio, 9 years from Aug 2006 at £6,588 pa
35a - Scarborough Dance, 7 years from Aug 2013 at £12,000 pa
Storage unit to rear - Hatton Dance Studio 9 years from Aug 2006 at £2,280 pa

Total reported income of £32,868 pa

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