Columbus Ravine, Scarborough, North Yorkshire

+++Liam Darrell Estate Agents are proud to introduce this exceptional FREEHOLD mixed-use investment and lifestyle opportunity, combining a thriving, fully equipped restaurant business with spacious self-contained residential accommodation above. Occupying a prominent position in a well-established location, this unique property was previously home to the highly regarded AZ Restaurant, a long-standing and successful dining destination offered to the market for the first time in many years due solely to the owner’s well-deserved retirement.+++

The ground floor restaurant presents a genuine turnkey opportunity, allowing an incoming owner to commence trading immediately. Designed to accommodate approximately 34 covers, the business is being sold with an extensive inventory of fixtures, fittings and equipment included, encompassing tables, chairs, cutlery, glassware and a comprehensively appointed commercial kitchen. Catering facilities include a Hamoki gas grill, Lincat six-ring gas hob and oven, fryer, double pizza oven, multiple refrigeration and freezer units, dish and glass washers, together with a full commercial extraction system. While the restaurant has built an enviable reputation for its Turkish and Mediterranean cuisine, the versatile layout and equipment lend themselves effortlessly to a wide range of culinary concepts.

Complimenting the commercial space is a generously proportioned, self-contained two-bedroom apartment, offering the perfect solution for owner-occupiers seeking the convenience of living above their business or investors looking to maximise income potential. The accommodation comprises two well-sized bedrooms, a spacious lounge featuring an attractive box bay window, a fitted kitchen and a bathroom with a three-piece suite. We estimate the apartment could achieve a rental income of approximately £600-£650 per calendar month, enhancing the property's already compelling investment credentials.

Additional Information:
Commercial EPC Rating: Band C
Rateable Value: £5,300, qualifying for 100% Small Business Rates Relief (subject to eligibility)

Residential EPC Rating: Band E
Council Tax Band A for the residential accommodation

Situated at 89 Columbus Ravine, Scarborough, North Yorkshire, this outstanding property offers a rare opportunity to acquire a well-established hospitality business with flexible residential accommodation and significant scope for future growth.

Opportunities of this calibre seldom come to market, and early viewing is highly recommended. Contact Liam Darrell Estate Agents for further information or to arrange your internal viewing.

HMRC DISCLAIMER:
If you have an offer accepted on this property, we are obliged by HMRC to conduct mandatory Anti Money Laundering Checks. We outsource these checks to our compliance partners at IAmProperty/Movebutler. They charge a fee for this service. For further information, please contact our office.