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Lot 10 Withdrawn Prior
Refer

120/120A High Street, Scunthorpe, North Lincolnshire DN15 6ES

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Lot 10

Freehold Commercial Investment plus Vacant Upper Part with potential Residential Use
Gross Yield 11.3%
6 Week Completion

Situation

Occupying a busy trading position in this pedestrianised High Street amongst multiples such as NatWest, Yorkshire Building Society, Savers, Greggs, Primark, Lloyds Bank and many others.
Scunthorpe lies some 30 miles south-west of Hull, 20 miles east of Doncaster and benefits from good road access via the A159 and M180 (Junctions 3 & 4).

Property

A substantial end of terrace building comprising 2 Ground Floor Shops with separate front access to Offices/Storage on the first floor. In addition, the property benefits from use of a rear service road for unloading and parking for 2/3 cars.

VAT is applicable to this Lot

FREEHOLD


TENANT PROFILES

William Hill Organisation Limited reported a Turnover for Y/E 29/12/2020 of £349.5m, a Pre-Tax Profit of £188m and Shareholders' Funds of £430m and is a subsidiary of William Hill having over 1,400 branches in the UK.

Cashino Gaming Limited is part of the Merkur Casino UK Group which operates over 180 Adult Gaming Centres, 3 Family Entertainment Centres, 3 Bingo Clubs and 24 Tanning Salons.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

JOINT AUCTIONEER:
PPH Commercial
Tel: 01724 294 946   Ref: Duncan Willey
duncan.willey@pph-commercial.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.