Freehold town-centre office with private parking and immediate rental income.
Let to established solicitors on 5-year FRI lease at £22,000pa
A well-located freehold office investment in central Scunthorpe currently let to established solicitors on a five-year fully repairing and insuring (FRI) lease at £22,000 per annum. The property occupies a former Victorian house converted to provide cellular offices across two floors, with a separate two-storey detached store and a private rear car park that holds around eight vehicles — a rare practical advantage for town-centre offices.
Constructed in traditional brick with period bay windows and slate roof to the main block, the building benefits from UPVC double glazing, gas central heating, part LED lighting and a fire alarm system. Its footprint of approximately 2,188 sq ft and proximity (walking distance) to Scunthorpe railway station and town centre make it suitable for professional service occupiers seeking convenient access and customer-facing presence.
Buyers should note this is a mixed-age building with a fibreglass flat roof to the rear extension and only part-LED lighting, so some maintenance and upgrading may be required over time. The cellular layout is ideal for tenants needing private rooms but less suited to large open-plan requirements without alteration. The site is priced at £275,000 with freehold title and immediate rental income, presenting a yield-based investment opportunity.
Location strengths are balanced by local socio-economic factors: the area is classified as very deprived and records a very high crime level, which may affect longer-term rental growth or tenant mix. These aspects are factual considerations for investors assessing repositioning, security improvements or lease strategies.
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