Investment Properties: 18-46 St Thomas Street, Scarborough, YO11 1DY
18-46 St Thomas Street, Scarborough, YO11 1DY
OIEO £6,375,000 subject to contract - Freehold
- Located in Scarborough which offers a significant catchment area.
- The site occupies a prominent corner location within the town’s retail core.
- Modern purpose built large retail unit constructed in 2005 extending to 35,275 sq ft.
- Open A1 planning consent.
- Securely let to Matalan Retail Limited – Dunn & Bradstreet 5A1.
- 12 years unbroken unexpired lease term.
- The current rental income is £421,682 per annum / £11.95 per sq ft.
- Offers are invited in the region of £6,375,000, subject to contract.
- This reflects a net initial yield of 6.20% and an attractive capital value of £181 per sq ft.