Lower Clark Street, Scarborough Guide price £250,000

Situated on Lower Clark Street in Scarborough town centre, this modern light industrial / warehouse unit presents a unique opportunity for those seeking a freehold investment. The unit is approximately 2,120 square feet and is ideally situated within reasonable access of the main town centre.

With a current rental income of £15,000 per annum from the existing Landlord & Tenant Act lease, the unit is a great investment for someone looking to start or expand their portfolio.

The Unit
This steel portal frame unit is approximately 2.120 sq ft (197 sqm) and has an electric roller shutter to the front along with a pedestrian door into a reception area. It has the benefit of a mezzanine floor and 3 phase electrics to the workshop.

Tenure
Freehold but subject to the remaining terms of a Landlord & Tenant Act lease with approximately 20 months remaining as of January 2025.

Rental Income
The current passing rent is, £15,000 per annum exclusive of rates and services.

Business Rates
From enquiries to the VOA website we believe the current business rateable value is £12,250 per annum for the year 2025

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

To view all our current commercial listings please visit, www.colinellis.co.uk