4 bedroom commercial property for sale

Eastborough, Scarborough

Sold STC £189,950

Property Description

Key features

  • MIXED USE INVESTMENT OPPORTUNITY
  • 2 X TWO BEDROOM FLATS WITH SEA VIEWS
  • PROMINENT RETAIL UNIT WITH OPEN FRONTAGE
  • EXTENSIVE YARD AREA TO THE REAR
  • ALL ENQUIRIES TO CPH COMMERCIAL

Full description

We are delighted to be instructed to market this mixed use investment opportunity that will no doubt appeal to a host of buyers. The property lies within Scarborough's Old Town and is situated a a stone's throw from Foreshore Road & Sandside (South Bay).

At ground floor level lies a prominent retail unit with an inviting frontage. We understand the tenant occupies this on a flexible arrangement and pays, in our opinion, a rent well below market value - circa £50 per week.  The upper floors are accessed to the rear, via a metal external stair and lead up to 2 self contained apartments which are currently vacant.  The flats do have partial SEA & HARBOUR views however do require cosmetic improvement in places.  In our opinion, the rental income from this property should be around £20,000pa, but could be increased if the apartments we utilised as holiday lets.  This is a fantastic opportunity to acquire the freehold interest in this prominent Old Town building.  Please call our friendly sales team today to arrange your viewing - 01723 352235.


LOCATION: 
Scarborough is an established commercial, tourist and retail centre, approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast attracting an estimated 7 million visitors a year. More precisely, the property occupies a fantastic trading position on Eastborough, linking the town centre with the South Bay and is a well trodden route during the busy tourist seasons.

DESCRIPTION: 
The property

BUSINESS RATES & COUNCIL TAX: 
Commercial - 2017 Rateable Value £6,300 Residential - Both Flats Band 'A'

SERVICES: 
Mains electricity, gas and water supplies. Prospective purchasers are advised to make their own enquiries with regards to services connected.

TENURE: 
Freehold. There is currently a tenant within the ground floor retail unit who we understand pays £50 per week. We have been informed that no formal lease is in place.

ENERGY PERFORMANCE CERTIFICATES: 
Ground Floor Retail Unit - TBC First Floor Flat - TBC Second Floor Flat - Band C

VAT: 
VAT, if applicable, will be charged at the prevailing rate.

VIEWING: 
Via the sole selling agents: CPH Property Services 19 St Thomas Street Scarborough YO11 1DY sales@cphproperty.co.uk 01723 352235

DETAILS PREPARED: 
26032019 JW

More information from this agent

Nearest stations

  • Scarborough (0.5 mi)
  • Seamer (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

CPH Property Services, Scarborough - Commercial

19 St. Thomas Street, Scarborough, YO11 1DY

01723 315040 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

CPH Property Services, Scarborough - Commercial

19 St. Thomas Street, Scarborough, YO11 1DY

01723 315040 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Scarborough (0.5 mi)
  • Seamer (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

CPH Property Services, Scarborough - Commercial

19 St. Thomas Street, Scarborough, YO11 1DY

01723 315040 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 9512883. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CPH Property Services, Scarborough - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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