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Office

Office For Sale Scarborough

PROPERTY ID: 143549

PROPERTY TYPE

Office

STATUS

Under Offer

SIZE

2,480 sq.ft

Key Features

Fantastic opportunity to purchase a modern, self-contained office situated on Manor Court within Scarborough Business Park
Let to The National Farmers Union Mutual Insurance Society Limited, the UK's insurance brand of the year in 2022, 2023 and 2024 |

Property Details

Fantastic Opportunity To Purchase A Modern, Self-contained Office Occupied By The National Farmers Union Mutual Insurance Society Limited, Situated On Manor Court Within Scarborough Business Park. Summary - - Let To The National Farmers Union Mutual Insurance Society Limited, The Uk's Insurance Brand Of The Year In 2022, 2023 And 2024 - Rental Income Of £27,500 Per Annum - Renewed 10-year Lease From September 2020 - The Tenant Has Not Exercised Their Break, Demonstrating Commitment To The Location - Neighbouring Occupiers Include Morrisons, Mcdonalds, Screwfix, Skoda And Handelsbanken - The Property Is Held On A 996-year Long Leasehold Interest Expiring In 3006 - A Purchase At This Level Reflects A Net Initial Yield (niy) Of 10.29% Assuming Usual Purchaser's Costs Lease Summary - The National Farmers Union Mutual Insurance Society Limited (company Number 0011982) Hold A 10-year, Full Repairing And Insurance Lease Renewal From 17th September 2020. The Passing Rent Was Fully Rebased As Part Of The Lease Renewal To £27,500 Per Annum, Reflecting £11.09 Psf. The Lease Includes A Break Clause On The 16th September 2025 Which Has Not Been Exercised By The Tenant And A Rent Review On 17th September 2025. Rfa Credit Report March 2025, Provides A Rating For The National Farmers Union Mutual Insurance Society Limited Of 76/100, Below Average Risk. Location - The Property Is Located On Manor Court In Eastfield, A Town And Civil Parish In North Yorkshire. Manor Court Provides A Range Of Modern Self-contained Offices Within Scarborough Business Park, Approximately 4.2 Miles Away Form Scarborough Town Centre. Scarborough Business Park Offers A Range Of Office, Warehouse, Retail And Leisure Facilities With Neighbouring Occupiers Including Morrisons, Mcdonalds, Screwfix And Skoda. Scarborough Business Park Is Situated On The Uk's Scenic East Coastline With An Excellent Road Network Including The A64, A170 And A165. York Is Approximately 37.2 Miles West With Hull Being Approximately 38.5 Miles South. Scarborough Business Park Is Within A 14-minute Walk To Seamer Railway Station And 90-minute Drive To Leeds Bradford And Humber Airport. Description - Manor Court Has Been Designed To Suit All The Needs Of Modern Office Occupiers, Providing Flexibility And Cost-effectiveness. Unit 1 Extends To Approximately 2,480 Sq Ft (230.4 Sq M) With Designated Onsite Parking Across The Landscaped Grounds. Unit 1 Manor Court Is Predominately Open Plan And Includes Partitioned Meeting Rooms Configured To The Tenant's Specification. The Office Accommodation Has Clear Access Raised Floors, Suspended Ceilings And Recessed Lighting. The Property Benefits From A Reception Area, Dedicated Wc Facilities, A Kitchenette And Server Room To The Ground Floor. The Unit Additionally Features Neutrally Painted Walls, A Comfort Cooling System And Ample Natural Light. Epc - The Property Holds An Energy Rating Of B (42) With The Energy Performance Certificate Valid Until 09/08/2030. Tenure - Leasehold (nyk349858). The Property Is Held On A 996-year Long Leasehold Interest Expiring In 3006 Subject To A Peppercorn Rent. For More Information, Please Contact The Relevant Agents.

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About the Agent

Fisher German LLP- Doncaster

See Agent's Other Properties

Office Unit

£260,000 Freehold

Manor Garth, Scarborough, YO11 3TU
Office - Under Offer
2,480 sq ft
230 sqm
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