This property is not currently available. It may be sold or temporarily removed from the market.
Sold STC

3 Golden Lion Bank, Whitby

850 Sq Ft
£100,000 Guide Price
  • Type: Retail
  • Availability: Sold STC
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Property Features

  • Freehold commercial premises in the town centre
  • Excellent window frontage onto a pedestrian street
  • 10-year lease signed in February 2021
  • Grade II listed and subject to a flying freehold
  • Shop floor plus 2 floors of additional storage
  • Ideal for investors wanting a secured income

Property Summary

Hope & Braim are delighted to present 3 Golden Lion Bank in Whitby to the market.

A freehold commercial property in the town centre with an existing lease in place until 2031. The property is grade II listed with three floors comprising retail space on the ground floor and two floors of additional storage on the upper floors. The property is subject to a flying freehold as the upper floors are larger than the ground floor, therefore are also over neighbouring properties. A new 10-year lease was assigned in February 2021 to the current tenant that generates a yearly rent of £6,600 (previously £8,400 pre-covid). The upper floors are in poor repair but do benefit from providing ample storage and having a WC. Golden Lion Bank is a pedestrian street linking the Harbourside and Flowergate, making for excellent passing trade and the shop has good window frontage. We feel this opportunity will be of interest to investors looking for commercial premises in a prime retail area of this ever-popular coastal town.

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