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.
More precisely, the property occupies a highly prominent position on St Nicholas Street, in the heart of the hotel district and directly opposite the Town Hall. Major hotels within a 120 metre radius include:
Premier Inn: (74 Rooms),
Travelodge: (140 Rooms),
The Grand Hotel: (411 Rooms),
The Royal Hotel: (118 Rooms),
Palm Court Hotel (40 Rooms)
St Nicholas Street provides a nice blend of both national and local operators with Marks & Spencers being noted close by.
The premises comprise a spacious ground floor restaurant contained within a stunning Grade II Listed mid terrace building. The property is laid out as follows:
Front Dining Room / Bar
20' 8'' x 27' 11'' (6.30m x 8.5m)
Rear Dining Room:
40' 0'' x 15' 9'' (12.2m x 4.8m)
24' 3'' x 13' 9'' (7.4m x 4.2m)
A full copy of the lease will be made available to view to seriously interested parties who have viewed the premises.
A detailed inventory is currently being put together by the current leaseholder which is available to view on request.
The operator will be responsible for the payment of a fair proportion of the landlords expenses incurred in respect of the repair & maintenance of the exterior of the property, cleaning of common areas and management of the same. Further details are available on request from the agents.
2017 Rateable Value - 18,000
The property qualifies for a 1/3 off the business rates for a period of 2 years from April 2019. We estimate the rates payable equate to approximately £500 per month.
VAT, if applicable, will be charged at the prevailing rate.
Via the sole selling agents:
CPH Property Services
19 St Thomas Street
Joe Walker MRICS