80 Westgate, Guisborough, TS14 6AP

A freehold multi-let commercial investment comprising an end terrace building of traditional brick construction, arranged over three storeys. The ground floor features an open plan sales area with ancillary spaces including stores and a WC, currently occupied by a cocktail bar. The first and second floors provide hair salon accommodation, along with a kitchen, WC, and additional storage in the attic space, currently occupied by a barbershop. The total net internal area is approximately 807 sq ft (74.97 sq m). The ground floor unit is let on a 5-year IRI lease from 1 September 2022, generating an annual rental income of £12,000, while the upper floors are let on a 7-year IRI lease from 1 August 2024, with a current rent of £5,100 per annum, set to increase to £5,280 per annum on 1 August 2027. The property is located on Westgate, the main retail area in the centre of Guisborough, surrounded by various retailers and businesses, with free disc parking available immediately outside. The total rental value for the property is £17,100 per annum.