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Lot 21 Click here for addendum

Commercial Investment
6 Week Completion

Situation

Located within The Parishes modern town centre pedestrianised retail scheme amongst such multiples as Home Bargains, Costa Coffee, Vue Cinema and Clarks.
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 modern mid terraced building comprising a Ground Floor Commercial Unit with Ancillary Store at first floor level.

Accommodation¹

Ground Floor Commercial Unit
Gross Frontage 22'3"
Built Depth 59'10"
Area Approx. 1,242 sq ft
First Floor Ancillary
Area Approx. 1,166 sq ft

Total Area Approx 2,408 sq ft

¹Not inspected by Barnett Ross. Areas taken from VOA

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 2nd June 2005 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to IDH Group Limited t/a {my}dentist (Europe's largest dental care provider having 600+ network of practices - Visit: mydentist.co.uk) for a term of 15 years from 15th December 2021 at a current rent of £14,970 per annum exclusive - see Note.

Rent Reviews December 2026 and December 2031
Tenant's Break December 2031

Note: The tenant is currently fitting out the premises.

Enquire about this lot:

*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.

Unit SU7, 3 Jubilee Way, Scunthorpe, North Lincolnshire DN15 6RB