Retail premises for sale in Church Street, Guisborough TS14
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Mixed use town centre investment
- Ground floor let to established hair dresser
- Established location
- Car parking available
- Tenant due to sign new 15 year term.
- Rent Review in Year 5 and Year 10
Property description
Location
The property is located within the popular market town of Guisborough, 22 miles north-west of Whitby and 10.5 miles south east of Middlesbrough. The town sits on the edge of the picturesque North York Moors National Park.
The property, situated within Guisborough Conservation Area, holds a corner position on the eastern side of Church Street adjacent to St Nicholas Church and close to the Priory Fish Shop. Church Street connects with Westgate, the principal retail street in Guisborough, approximately 200m to the west at the Market Cross junction.
Church Street is a major bus route and thorough fare of the town benefitting from both heavy footfall to Prior Pursglove 6th Form College and nearby residential housing. Occupiers in the immediate vicinity include Badgers, Twisted Peel, Sophia-Jo Bridal and ts Fourteen.
Pay and display car parking is available to the front of the property and parking permits are available to occupants of both 54 and 5a Church Street. Further details can be found on Redcar and Cleveland Council websites.
Description
The property, which is not listed, comprises an end terraced two storey building arranged to provide a ground floor hairdressers and first floor two bedroom flat. Both units are self-contained with the first floor flat accessed by a door to the side of the building.
54 Church Street, occupied by the long established and well-regarded Solo Hair Salon, is arranged to provide reception, salon area and staff amenities including kitchen and WC.
54A Church Street, which requires refurbishment and modernisation throughout, is arranged to provide a first floor residential flat configured as two bedrooms, bathroom with WC, living room and kitchen.
The residential accommodation holds potential for occupancy on either an Assured Shorthold Tenancy or furnished holiday let basis.
Accommodation
The building has the following approximate areas:
54 Church Street, Sales Area 27.60 sq m ( 297 sq ft)
Stores 19.70 sq m ( 212 sq ft)
WC
54A Church Street
Residential Flat 51.58 sq m ( 555 sq ft)
Rateable value
54 Church Street has a rateable value of £5,900 and therefore qualifies for small business rates relief. Interested parties should contact Redcar and Cleveland Council to determine the exact rates payable.
Council tax band
54A Church Street falls within Council Tax Band A.
Tenure
The premises are partially let with the sale of the property based on the following renewal:
54 Church Street; Let to Stephanie Maria Bradshaw by way of an effectively full repairing and insuring lease from 01 May 2024 for a term of 15 years at a passing rent of £5,200 per annum incorporating a rent review in Year 5 and Year 10 and break clause in Year 5 and 10.
54A Church Street; Vacant
The total rent receivable by the landlord is presently £5,200 per annum exclusive.
Proposed terms
The freehold interest is available to purchase with offers invited over £100,000.
Legal costs
Each party will be responsible for their own legal costs.
VAT
All rent / prices quoted are exclusive of VAT if applicable.
Viewing
Strictly by appointment through this office.
Contact - Jack Robinson
Email:
Tel: Subject to Contract
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Thomas Stevenson, TS18 on +44 1642 966759 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Thomas Stevenson, and do not constitute property particulars. Please contact Thomas Stevenson for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.