Investment Properties: 18-46 St Thomas Street, Scarborough, YO11 1DY

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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.
  • Freehold.
  • 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.