Newborough, Scarborough, YO11
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2 bedroom mixed use property for sale
Description
FOR SALE | Mixed Use Investment Property occupying a Prominent Town Centre Location. Generates a Gross Income of £20,340 pa. BUSINESS NOT AFFECTED.
We bring to the market this mid terrace commercial and residential property that will appeal to investors. The ground floor trades successfully as 'Atlas Coffee'. The tenants took a 6 year IRI lease from 1st July 2025 with a Break Date of 1st July 2028.
The passing rent is £12,000pa.
The first and second floors are occupied by a private tenant who currently pays £695.00 per calendar month. The tenant keeps the maisonette in good order which itself provides spacious two bedroom accommodation. The building lies within an area zoned for 'Selective Licensing' and therefore adheres to the Local Authority's housing standards.
Tenure: Freehold, subject to commercial and residential tenancies.
EPC: 64 Newborough (commercial) - Band C. Expires August 2027
64a Newborough (residential) - Band D. Expires August 2027
Local Taxation: 64 Newborough - RV £12,250 at current but this will increase to £13,750 effective 1st April 2026
64 Newborough - Council Tax Band B
Brochures
Newborough, Scarborough, YO11
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
Disclaimer - Property reference e300086f-a082-428c-aa2a-5a8b047d8e58. 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 - Commercial, Yorkshire. 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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