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Commercial Property for sale

Albemarle Chambers, Albemarle Crescent/Westborough, Scarborough, YO11 1XX

Under Offer £500,000

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CPH COMMERCIAL are delighted to bring this extensive town centre investment to the market on behalf of the directors of Albemarle Chambers (Scarborough) Ltd. Their preference is to sell the company, of which the property Albemarle Chambers is the main asset. Alternatively, they may consider selling the building; further details are available on request. This is a fantastic opportunity to purchase a prime and iconic town centre freehold which currently generates £47,500pa from the ground floor shops. We feel there is serious potential for the four floors of offices above to be converted for student accommodation (subject to planning) given the recent news that Coventry University are building a new campus in Scarborough with potentially 5,000 new students arriving for September 2016.

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