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For Sale by Auction on 24th April 2025, Freehold Retail Investment, 4 Newborough, Scarborough, YO11 1NA

3,163 Sq Ft / Retail / Investment

For Sale - £225,000.00

Available - Last updated: 07 April 2025

For Sale by Auction on 24th April 2025

A mid-terraced building of traditonal construction over ground and three upper floors totalling approximately 294 sq m (3,163 sq ft). The ground floor is arranged as a retail unit with ancillarty office and storage accommodation provided on the upper floors. The upper floors may lend themselves to alternative uses, subject to obtaining the necessary consents. There is rear access to the building via an alleyway to the side.

Location

Scarborough is a seaside town lying on the north east coast of England approximately 41 miles north east of York and 44 miles north of Hull. Road access is via the A64, A165, A170 and A171 and rail services are provided at Scarborough railway station providing regional links and national links via nearby York railway station. Additonally numerous bus routes serve the area.

Newborough is the principle retail thoroughfare in the town with the property lying on its south side in the prime pedestrianised area of the town centre near its junction with Bar Street. Notable nearby occupiers include Marks & Spencer, NatWest, Barclays Bank, TK Maxx, Greggs and Trespass.

Accommodation

Ground Floor - Retail - 70.18 sq m (755 sq ft)

Ground Floor - Ancillary - 18.4 sq m (198 sq ft)

First Floor - Ancillary - 80.5 sq m (866 sq ft)

Second Floor - Ancillary - Unknown

Third Floor - Ancillary - Unknown

Total - 294 sq m (3,163 sq ft)

Terms

Tenure - Freehold

Guide Price - £225,000

Specification

  • Freehold retail investment
  • Let to an Optician until 2027
  • Pedestrianised town centre location
  • Future alternative use potential (subject to consents)
  • Guide price reflects a gross yield of 10.96%
  • Producing £28,500 per annum

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £225,000.00 NA

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Agency Team

BidX1 Commercial

020 3151 9502

Simon Bailey

BidX1 Commercial

020 3151 9486

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