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Investment for sale on Gowthorpe, Selby town centre, currently let to Bank of Scotland trading as Halifax. Offers in the region of £500,000 for the freehold interest.
The property is located on Gowthorpe in Selby town centre. Gowthorpe is regarded as the principle shopping street in the town with many well known occupiers being represented including Bon Marche, Scope, New Look, Yorkshire Building Society, Timpsons, Greggs and WH Smith.
The accommodation with the following approximate floor areas comprises:-
Sales area, office and store 3,515 sq ft 326.5 sqm
First Floor with its own separate ground
Office 3,319 sq ft 291.6 sqm
Offices and kitchen 700 sq ft 65.0 sqm
The property comprises a part 3 storey, part 2 storey and part single storey building constructed of brick under flat roofs.
To the rear of the property is an enclosed yard.
The entire property is let to Bank of Scotland plc trading as Halifax for a term of 10 years from 24 June 2015 on full repairing and insuring terms at a rent of £45,000 per annum without further review. The tenant had the option to terminate the lease on 23 June 2020 but this was not exercised.
Freehold subject to existing lease.
Offers in the region of £500,000 are invited for the freehold interest reflecting a gross yield of 9%.
Please click the download button to get PDF copy of the EPC Document for the property.
Please click the download button to get PDF copy of the Goad Document for the property.