We are offering this Cafe/Retail Unit on Hoxton Road, situated towards Scarborough town centre,which can be used for variety of uses subject to change of use.
CAFE/RETAIL AREA Seating area with approximately 28 covers with Counter service area.
LADIES W.C. W.C and Wash hand basin
GENTS W.C. W.C and Wash hand basin
KITCHEN stainless steel sink , kitchen cupboards and worktop
PREPARATION AREA Double Drawer stainless steel sink
LEASE Leasehold. Remaining terms of a 5 year lease with a 3 year break clause. Break at 10th January 2028
Terms LEASE: RENT: Currently £6,000 per annum - partial payment for buildings insurance. A Rent Deposit of £1000 (2 months’ rent) will be required Ingoing £2,000 for items in cafe/restaurant
Rates BUSINESS RATEABLE VALUE: Current rateable value (1 April 2026 to present) £6,600
Other N/B: The unit is also available to be used on different purposes/businesses subject to change of use.
Based on property / land value of £6,000 PCM there will be an approx of £ Stamp Duty due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
£
£
£925k to £1.5M
5
£
£
Over £1,500,000
10
£
£
Over £1.5 million
12
£
£
Total
£
or purchases over £500k, SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 1st April 2025 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information
6000.00
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