£115,000

Restaurant for sale

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Guide price

£115,000

(£62.84/sq. ft)

Restaurant for sale

Victoria Road, Scarborough YO11

1,830 sq. ft

Local area information

Property location

Nearby amenities

  • Scarborough 0.2 miles
  • Gladstone Road Primary School 0.3 miles
  • Friarage Community Primary School 0.4 miles
  • Seamer 2.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Scarborough to find out more about the local area.

Features and description

  • Mixed use property
  • Successful restaurant and takeaway
  • Three bedroom apartment with two bathrooms
  • Close to town
  • Ideal investment
Summary

*For sale via secure sale online bidding: Terms and conditions apply.*

We are pleased to offer to auction this mixed use property benefitting from a commercial unit and a three bedroom maisonette above. The commercial unit is currently trading as a successful Italian restaurant/takeaway. The apartment which is currently tenanted offers a bay fronted lounge, utility room and two bathrooms. Located close to town and with good footfall. Viewing is highly recommended.

Please note we have not inspected this property.

Living Room - 4.6 x 3.6 (15'1" x 11'9") - Bay window overlooking the front, gas feature fire place, wooden floor, double radiator and power points.

Kitchen - 3.6 x 2.8 (11'9" x 9'2") - Window to the rear, range of base and wall units, built in electric oven, gas hob, integrated fridge/freezer, extractor hood, stainless steel sink and radiator. Light wood effect units with dark lino flooring.

Bedroom One - 4.4 x 3.6 (14'5" x 11'9") - Bay window overlooking the front, built in cupboard, double radiator and power points.

Bedroom Two - 4.4 x 3.5 (14'5" x 11'5") - Window overlooking the rear, double radiator and power points.

Bedroom Three - 2.7 x 3.6 (8'10" x 11'9") - Velux window, radiator and power points.

Utility - 2.0 x 2.0 (6'6" x 6'6") - uPVC window over looking the rear, base units, space for washing machine, boiler.

Shower Room - 2.5 x 1.9 (8'2" x 6'2") - Shower room with wash hand basin and separate low flush w/c.

Bathroom - 3.0 x 2.8 (9'10" x 9'2") - Three piece suite including panel bath, low flush w/c and wash hand basin with pedestal. Lino flooring with a Velux window. Built in cupboard housing tank.

Location

The property is located along Victoria Road, centrally located in Scarborough town centre and is close to local shops, restaurants and only a 5 minute walk to Scarborough Railway Station.

Accommodation

The property briefly comprises of -

Commercial unit: Caf area, wooden counter and service area leading to preparation area, kitchen and a WC.

Apartment: Entrance hall, bay fronted lounge, kitchen and utility room. The first floor benefits from two bedrooms and a shower room, the second floor offers a further bedroom and bathroom.

Rental Income

Commercial unit: 347 per calendar month
Maisonette : 675 per calendar month

Tenure

Freehold. Title number NYK72256.

Rateable Value

The current rateable value is 5,000 (1 April 2023 to present).

Sourced from voa.

EPC

Available upon request (rating C).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

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  1. Zoopla
  2. Commercial for sale
  3. North Yorkshire
  4. Scarborough
  5. Victoria Road