For SaleRetail/Residential Investment

158, High Street, Scunthorpe, North Lincolnshire, DN15 6EN

Description

The property includes a 107 sq m (1,154 sq ft) retail unit arranged over the ground and part of the first floor, with glazed double frontage onto the High Street.

The retail unit contains a large open plan sales area, a store room, a kitchen and WC facilities.

The property also contains a self-contained residential apartment on the first floor with access off Allanby Street. The flat comprises two double bedrooms, a shower room, a kitchen/dining room and living room. Features include gas central heating, double glazing and an integrated oven/hob.

Over the past decade a significant investment of more than £17m has been spent by the Council regenerating the area immediately north of the High Street. This includes the Ironstone Medical Centre on Allanby Street that opened in 2012.

LOCATION

Scunthorpe has a population of circa 76,000 and is located approximately 13 miles south west of Hull and 21 miles east of Doncaster. The town is located at the junction of the A1077 and the A159, 5 miles north of the M180 which links with the M18 at Junction 5, 16 miles to the north west of the town centre.

The property is situated in a prime location on the High Street, the town’s principal retailing thoroughfare. Properties close by to the subject premises are occupied by a range of national and regional multiples, including Greggs, Pandora, Savers, Costa and Primark

SERVICES

We understand that mains supplies are available and connected to the property.  These services/appliances have not been tested and interested parties are advised to make their own investigations to the relevant utility/service providers.

TOWN AND COUNTRY PLANNING

We understand that the ground floor retail premises has consent for uses falling within Class E (Commercial, Services and Business Use) of the Town and Country Planning (Use Classes) Oder 1987 (as amended). The first floor residential apartment has consent for uses falling within Class C3 (Dwellings).

Following changes to the Use Classes Order that came into effect on 1st September 2020, Class E now encompasses a number of uses including A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).

RATES

Charging Authority:  North Lincolnshire Council
Description:  Shop and Premises
Rateable value:  £9,300
UBR:  0.512
Period:  2020-2021
Council Tax for Flat:  Band A
£1,244.59 for 2019/2020

Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.

TENURE

The property is available For Sale with vacant possession of both the commercial and residential units.

VAT

VAT is not payable on the purchase price.

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in documenting the transaction.