50-59 Newborough, 46-49 Queen Street & 18-20 Market Street, Scarborough, North Yorkshire, YO11 1HQ
£10.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
35,000-40,000 sq ft
3,252-3,716 sq m
- SECTOR
Commercial development for sale
Key features
- FOR SALE BY AUCTION 30TH OCTOBER 2025
- Substantial town centre retail and office building
- Currently providing 9 shops, self contained office accommodation and 40 indoor car parking spaces
- Total commercial floor area of 3,491.39 sq m (37,903 sq ft)
- Total site area of 0.20 Ha (0.49 Acres)
- Immediate asset management and development opportunities (subject to consents)
- May suit a variety of alternative uses including Leisure, Student Accommodation and residential
- Nearby occupiers include Matalan, Boyes, Marks & Spencer, TK Maxx, EE, O2, Cooplands Bakery, Scarborough Market Hall and Vaults
- Rental income £21,450 per Annum Exclusive Plus 3,341.91 sq m (35,994 sq ft) of Vacant accommodation
Description
The property is situated on the north side of Newborough, occupying a prominent island site with frontages onto Queen Street, Market Street and St Helen's Square. The property is located 100 metres north of South Bay Beach, Scarborough Big Wheel and St Nicholas Gardens. Nearby occupiers include Matalan, Boyes, Marks & Spencer, TK Maxx, EE, O2, Cooplands Bakery and Scarborough Market Hall and Vaults
Tenure
Freehold.
Description
The property comprises a substantial four storey building currently arranged as 9 shops on the ground and part first floors together with self contained office accommodation on the part first, second and third floors, accessed separately via Queen Street and Market Street, and a basement electricity substation. The property also benefits from an indoor car park for approximately 40 vehicles.
This substantial 0.20 Ha (0.49 Acres) town centre site may suit re-development with a variety of alternative uses. Planning permission was previously granted on 02/02/2017 by North Yorkshire Council under planning ref: 17/00182/FL for Erection of mixed use development comprising a new 6 screen cinema to upper levels and 5 no. A3 restaurant units to ground floor level following partial demolition/partial refurbishment of existing mixed use retail (A1) and office (B1) building.
The Seller has also drawn up proposed plans for the demolition of the existing building and erection of a building to provide commercial floorspace (Class E) at ground floor and accommodation for NHS key workers and students at the upper levels. The development was promoted as a joint venture with Scarborough Borough Council to be funded through PWLB borrowing. The site remains one of Scarborough and North Yorkshire Councils' foremost regeneration opportunities.
North Yorkshire Council continue to support redevelopment of the Argos building site and have recently funded a major feasibility study for its redevelopment as a new Town Centre location for a major UK retailer.
North Yorkshire Council are currently consulting on sites that should attract public sector funding support from the Combined Authorities, the Plan for Neighbourhood fund, and the Scarborough Town Board and the Argos Building is a site which has been identified as a key site for regeneration and suitable for consideration for public financial support.
VAT
VAT is applicable to this lot.
EPC
The EPCs will be available to view online in the solicitor's legal pack.
For further information, to register your interest in this property and download the legal pack, please visit the Acuitus website.
Brochures
50-59 Newborough, 46-49 Queen Street & 18-20 Market Street, Scarborough, North Yorkshire, YO11 1HQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Scarborough Station0.4 miles
- Seamer Station3.1 miles
Notes
Disclaimer - Property reference A12259-LOT46-Scarborough. 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 Acuitus Limited, Acuitus. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Acuitus Limited, Acuitus on 020 7870 2773.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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