One Stop, 56-57 Newborough, Scarborough
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Ground Floor Retail Unit and Upper Parts
- Ground Floor Let to Onestop
- 15 Year Lease (holding over) - Asset Management Via Renewal
- Vacant Upper Parts Offering Development Potential (stp)
- Prominent Central Location
- Investment Let at £20,000 p.a (28.6% GIY on Guide Price) with Vacant Upper Parts
Description
Arranged as a ground floor retail unit with substantial upper parts, the ground floor unit is let to a private individual trading as Onestop Convenience Store on a 15 year lease which expired 22.02.2025. The tenant is continuing to occupy the premises and pay rent and is therefore holding over, we consider the property offers asset management potential via renewal.
The property includes substantial upper parts which are offered with vacant possession and could be suitable for a variety of uses including letting or development/conversion to alternative uses (subject to obtaining any requisite consents).
The property benefits from a prominent frontage to Newborough, a partially pedestrianised street that forms part of the principal retail amenity in Scarborough. The street is characterised by a number of local and national occupiers including Card Factory, Greggs and M&S.
Brochures
One Stop, 56-57 Newborough, Scarborough
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Scarborough Station0.3 miles
- Seamer Station3.0 miles
- Filey Station6.6 miles
Notes
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