Gladstone Lane, Scarborough Guide price £145,000

A two storey workshop/ Waterhouse that is conveniently located towards Scarborough town centre that is currently set up as two letting units, one of which is subject to the remaining terms of a Landlord & Tenant Act lease. This would suit an investor or an owner operator who is looking for some work space. It has the potential to provide a gross annual rental income of approximately £16,000 per annum.

Unit 1
Currently subject to the remaining terms of a commercial Landlord & Tenant Act lease with a current passing rent of, £10,200 per annum. Its is approximately 197 sqm (2,126 Sq ft) across two floors

Unit 2
This is currently available to let and is approximately 105 sqm (1,131 sq ft) across two floors and has the benefit of a roller shutter to the front along with a pedestrian door, WC and then an additional store area to the rear.

Location
The unit is situated on Gladstone Lane, towards the junction with Gladstone Road in Scarborough town centre and is ideally located for businesses that need workspace in the town.

Tenure
Freehold but subject to the remaining terms of the remaining terms of an existing lease on Unit 1.

Rental income
Unit 1. £10,200 per annum

Unit 2. £5,200 per annum when let

Viewing
Strictly via appointment with sole agents Colin Ellis Property Services on 01723 363565

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