Skip to main content

No longer on the market

This property is no longer on the market

Img 4821 ylit1 jpg
Img 4822 7stsb jpg
Img 4834 octbz jpg
Img 4824 jghcx jpg
Img 4827 xcn4s jpg
Img 4841 agtvo jpg
Goad jpg

Retail property (high street)

Auction
Retail property (high street)
Added > 14 days

Features and description

  • 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
  • Online Auction on Wednesday, 26 March 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.


Online Auction on Wednesday, 26 March 2025. For further information, such as legal documents and property information, please visit bidx1.com.
Visit agent website

About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
... Show more

See more properties like this

*Disclaimer and call rate information...