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Lot 15 Click here for addendum

6 Week completion

SITUATION

Located nearby the Staxton Roundabout and being well positioned on the A64 for passing holiday makers travelling to and from Scarborough (approx. 5 miles to the north) and York (approx. 30 miles to the south-west).

PROPERTY

Comprising a detached single storey Ground Floor Restaurant/Takeaway on a 0.41 Acre Site which includes an outside seating area and a Car Park with space for up to 32 cars.

ACCOMMODATION

Site Frontage 140'0"
Ground Floor Restaurant/Takeaway (104 covers)
Internal Width 36'0"
Restaurant & Built Depth 51'2"
Restaurant Area Approx. 1,770 sq ft
Kitchen/Takeaway Area Approx. 710 sq ft
Ladies & Gents WCs

Total Area Approx. 2,480 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Deep Blue Restaurants Limited (see Tenant Profile) for a term of 15 years from 14th November 2017 (trading as a fish & chip restaurant since 2009) at a current rent of £40,000 per annum exclusive.

Rent Reviews 2022 and 5 yearly

TENANT PROFILE

Deep Blue Restaurants Limited trade from 31 branches (including 6 branches under the ‘Harpers' brand) and are one of the largest chains of fish & chip stores and restaurants in the South of England (visit: www.deepbluerestaurants.com).

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

Harpers, Spital Road, Staxton, Scarborough North Yorkshire YO12 4NW