Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment with a number of asset management and development opportunities.
Arranged as a ground floor retail unit with substantial upper parts, the ground floor unit is let to a private individual trading as Onestop Convenience Store on a 15 year lease which expired 22.02.2025. The tenant is continuing to occupy the premises and pay rent and is therefore holding over, we consider the property offers asset management potential via renewal.
The property includes substantial upper parts which are offered with vacant possession and could be suitable for a variety of uses including letting or development/conversion to alternative uses (subject to obtaining any requisite consents).
The property benefits from a prominent frontage to Newborough, a partially pedestrianised street that forms part of the principal retail amenity in Scarborough. The street is characterised by a number of local and national occupiers including Card Factory, Greggs and M&S.
Tenure
Freehold
Rent