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Agent's details

90 High Street

For sale: £170,000.00|Other, Other Property Types & Opportunities

Property details

FOR SALE£170,000.00
ADDRESS90 High Street, 90 High Street, Scunthorpe, DN15 6HB
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON10th May 2024

Description

The property comprises a high yielding retail investment let to the well regarded covenant of The Works and occupying a prominent pitch on Scunthorpe's pedestrianised High Street.

Arranged across ground, first and second floors, the property is fully let to The Works Stores Limited on a five year lease from 06/01/2023 and paying £30,000 per annum. The current lease is a renewal of an existing lease and the tenant has been in occupation for over 10 years. We understand the tenant completed extensive refurbishment/fit-out works upon their lease renewal and the store has been fitted with the tenants new corporate branding.

Scunthorpe is one of the principal administrative and retail areas in Lincolnshire. The property occupies a prime pitch on the pedestrianised High Street, with nearby occupiers including Costa, Superdrug and JD Sports.

Location

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Location: 90 High Street, 90 High Street, Scunthorpe, DN15 6HB

Scunthorpe (0.4 miles)

Althorpe (3.6 miles)

Crowle (6.9 miles)

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