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High Street, Crowle, Scunthorpe

Yorkshire

£210,000

Listed on 19/03/2025

The listing

Property details

Bedrooms
N/A
Type
Commercial Property
Area
3050 sqft

Features

  • Garage
  • Parking

Description

This ground floor commercial property presents a unique opportunity for renovation and investment potential. The offering includes two spacious commercial units, complemented by a garage, brick storage facilities, and a rear parking area that enhances accessibility. The first of the commercial units spans approximately 2,050 sq ft, featuring a prominent shop front with double entrance doors that open directly onto the High Street. This prime location benefits from significant foot traffic, making it ideal for retail or service-oriented businesses. The interior layout consists of a generous retail space, an L-shaped office area with rear access, a practical kitchenette, and additional storage. The second commercial unit offers about 1,000 sq ft of usable space. Like its counterpart, this unit also boasts a welcoming shop front with double doors leading to the High Street and features both a front and rear retail area. It includes a kitchen with built-in storage and an office or store room that provides flexibility for various business needs. Above these commercial spaces are three residential apartments which were sold under long-term leases in 2006 (999-year), adding stability to your investment without any ground rent obligations to the freeholder. The presence of these apartments allows for potential synergy between residential and commercial operations. Access to the site is facilitated via Fieldside at the rear, where you will find an ample parking area suitable for tenants of the apartments as well as clients visiting the commercial units. While the garage and brick stores currently require some repair work significantly impacting their condition, they hold value in terms of utility if revitalized. This property is offered without a chain, allowing for quicker transactions. With its significant square footage across both retail units and an advantageous location within a bustling street, this ground floor premise holds excellent renovation potential for those looking to enhance its functionality or elevate its market appeal further down the line.

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Map

Location

High Street, Crowle, Scunthorpe
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£793
Based on a loan of £157,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

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This calculation uses non-residential (land/commercial) tax rates.

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