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36-54 Newlands Park Dr 2,470 SF Retail Condo Unit Offered at $768,394 in Scarborough YO12 6DJ
Investment Highlights
- Current rent of £35,500 per annum on an FRI lease
- Recently refurbished, with works completed in April 2025
- Located in a busy suburban parade in one of the UK’s leading coastal resorts
- Ideal SIPP purchase
Executive Summary
44-46 Newlands Park Drive comprises a double retail unit with two independent residential units above, each with separate access and last used as storage. The ground floor includes 1,778 sq ft of sales accommodation and 692 sq ft of ancillary staff/storage space. The property sits within a busy suburban retail parade in Scarborough, around half a mile north of the town centre and close to North Bay.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| Tenure | Freehold |
Description
The premises comprise a double retail unit with two independent
residential units above with separate access, last used as storage.
residential units above with separate access, last used as storage.
Sale Notes
The property is let to Co-operative Group Food Limited on a 15-year FRI lease from 21 February 2025, expiring 20 February 2040. The lease is a renewal of a previous 25-year term, with rent reviews every 5 years and a tenant break option on 20 February 2035. The tenant is responsible for all repairs and insurance.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 44-46 | 2,470 SF | Retail | $768,394 ($311.09/SF) | $46,103.63 |
Unit 44-46
| Unit Size |
| 2,470 SF |
| Condo Use |
| Retail |
| Price |
| $768,394 ($311.09/SF) |
| NOI |
| $46,103.63 |
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Unit 44-46
| Unit Size | 2,470 SF |
| Condo Use | Retail |
| Price | $768,394 ($311.09/SF) |
| NOI | $46,103.63 |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| Tenure | Freehold |
| Description | |
|
The premises comprise a double retail unit with two independent residential units above with separate access, last used as storage. |
|
| Sale Notes | |
| The property is let to Co-operative Group Food Limited on a 15-year FRI lease from 21 February 2025, expiring 20 February 2040. The lease is a renewal of a previous 25-year term, with rent reviews every 5 years and a tenant break option on 20 February 2035. The tenant is responsible for all repairs and insurance. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,611 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 5,306 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1950 |
| Building Class | B | Lot Size | 0.24 AC |
| Total Building Size | 10,611 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 5,306 SF |
| Year Built | 1950 |
| Lot Size | 0.24 AC |
Amenities
- Storage Space
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Nearby Major Retailers
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Street View
Street
Map
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36-54 Newlands Park Dr
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