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No longer on the market

This property is no longer on the market

Residential development

Residential development
4 beds
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Freehold investment
  • Town centre location
  • Three letting units
  • Potential income of approx £17,000
  • Ground floor currently vacant
  • May suit owner operator
This double fronted building is unit is located in Scarborough town centre and is currently arranged as a RETAIL UNIT / OFFICE on the GROUND FLOOR with TWO RESIDENTIAL LETTING UNITS on the UPPER FLOORS, which currently generate an income of approximately £10,860 per annum when fully let.

Ground Floor - 4 x 5.6 (13'1" x 18'4") - Double fronted unit with glazed display windows to either side opening to the front sales area.

Rear Area - 4.7 x 7.38 (15'5" x 24'2") - Steps leading down to the rear area which includes a small store cupboard, WC and wash basin and door into the rear yard.

First Floor - Studio flat with lounge / bedroom, kitchen, shower / WC.

Second Floor - Three bedroom maisonette with lounge, kitchen, bathroom / WC on the second floor. inner stairs to he third floor leading to three bedrooms. - Gas Central Heating

Tenure - Freehold

Long term lease in place for the commercial unit.

Assured Shorthold Tenancy (AST) are in place for one of the residential units.

Business Rates - The ground floor retail unit is awaiting to be reassessed but we believe that small business rates may be applicable to certain users. This should be clarified prior to legal commitment.

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Property information from this agent

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About this agent

Colin Ellis Estate Agents - Scarborough, Sales
Colin Ellis Estate Agents - Scarborough, Sales
49 Aberdeen Walk Scarborough YO11 1BD
01723 266928
Full profileProperty listings
Colin Ellis Property Services was established back in 1991, and we have evolved and positioned ourselves as the premier Estate Agent on the East Coast of Yorkshire. With over 100 years combined experience from the partners and staff, and having traded through most market conditions, we are experts in the property market and can provide buyers and sellers with sound independent advice and support. We are committed to offering the most comprehensive service and boast a number of departments to complement our Residential Sales, including a Commercial Department and Land & New Homes. We are also General Practice Chartered Surveyors and are retained by a number of major banks, institutions, private individuals and companies who rely on our qualified expertise in property related matters ranging from Market Valuation Reports, HomeBuyer Surveys, Rent Reviews and Schedule of Conditions.
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