Victoria Road, Scarborough Guide Price £170,000

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CPH Property Services are pleased to bring to the market this HIGH YIELDING mixed use investment. The property lies on a busy secondary road, linking the Falsgrave area to Scarborough town and the Castle. The property comprises of a currently vacant ground and basement double front shop unit that has traded very successfully as a high end cheese and wine shop for a number of years. The upper floors are split into 4 residential units with access directly from Victoria Road. When fully let, the property brings in a gross figure of £22,432pa. The shop unit is currently vacant (the existing tenant has retired) and the shop has not yet been remarketed and also the bedsit is vacant. This is a fantastic opportunity to acquire the freehold interest in this substantial mixed use property. All enquiries to CPH Property Services on 01723 352235 or This email address is being protected from spambots. You need JavaScript enabled to view it..

LOCATION:

Scarborough is an established commercial, tourist and retail centre, lying 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. The premises occupy a good trading position on busy Victoria Road, in a block bounded by Nelson Street and Hoxton Road. Victoria Road is a popular secondary commercial location benefiting from high levels of both vehicular and pedestrian traffic flows.

TENURE:

Freehold - subject to ASTs. We have been informed there in no formal Maintenance Agreement in place between the owner of the shop at No 25 Victoria Road and our vendors.

DESCRIPTION:

21 Victoria Road Ground Floor & Basement Shop Unit Currently vacant. Previous Rent £5,220pa 23 Victoria Road First floor bedsit Previous Rent £2,600pa 23A Victoria Road 3 Bedroom Maisonette Rent £4,368pa 23B Victoria Road 1 Bedroom Maisonette Rent £4,056pa 25A Victoria Road 3 Bedroom Maisonette Rent £6,188pa

SERVICES:

We understand the property benefits from mains electric, gas and water supplies. Prospective purchasers are advised to make their own enquiries with regards to services connected

EPC:

21 23 23a 23b 25a

VIEWING:

Via the sole selling agents: CPH Property Services 19 St Thomas Street Scarborough YO11 1DY 01723 352235 sales@cphproperty.co.uk

DETAILS PREPARED:

12082020 JW

Click to enlarge

MIXED USE INVESTMENT OPPORTUNITY
GROSS INCOME CIRCA £22,500PA
GROUND & BASEMENT DOUBLE SHOP UNIT
3 X FLATS + 1 BEDSIT
ALL ENQUIRIES TO CPH PROPERTY SERVICES

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Victoria Road
Scarborough YO11 1SB

County: North Yorkshire

Sale Type: Sold STC

Ref #: C1083

Beth Jackson
CPH - Sales

E: This email address is being protected from spambots. You need JavaScript enabled to view it.

P: 01723352235