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  3. Scarborough

Eastborough, Scarborough YO11 1NJ – Scarborough

sold

Shop, retail unit for sale

£189,950

CPH Estate Agents Ltd
Status
Sold
Contact name
Joe Walker
Full address
Eastborough, Scarborough, North Yorkshire YO11 1NJ – Scarborough
Contact details

020 *** ****

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Property type
Shop, retail unit for sale
Asking price
£189,950
Features
Friendly, Furnished
Tenure
Freehold

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

This shop, retail unit for sale is located in Scarborough.

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