Three-storey retail investment with central footfall and refurbishment upside.
Central high-street location with strong pedestrian footfall
Overall area approximately 1,523 sq ft across three storeys
Adjacent to national retailers (Marks & Spencer, Barclays etc.)
Ground floor long, narrow sales area; upper floors for storage/residential
Upper accommodation small rooms, modest ceiling heights; needs refurbishment
No private parking or garden; very small plot footprint
Local area: very high crime and very deprived — security risk
Tenure/heritage/planning constraints to be confirmed before purchase
A centrally positioned high-street retail unit on Newborough, Scarborough, offered at £195,000. The property extends to about 1,523 sq ft over three floors and sits immediately next to national names, benefiting from strong pedestrian footfall on the town-centre shopping parade. The ground floor functions as a long, narrow retail/sandwich-bar sales area with ancillary preparation and storage above.
This building suits an investor or operator seeking an income-producing shop with short-term trading potential and medium-term uplift from refurbishing the upper floors. The upper accommodation is compact with modest ceiling heights and will likely require refurbishment or reconfiguration to maximise rental yield or convert to a more marketable residential layout. Planning or conservation constraints may apply given the central location and adjoining façades.
Important considerations are candidly presented: there is no private parking or garden, the plot is very small, and the local area records very high crime and very high deprivation levels—factors that can affect operating costs, security needs and tenant demand. Broadband is average but mobile signal is excellent. Tenure and certain legal/heritage constraints should be confirmed prior to offer.
Overall, this is a pragmatic city-centre investment: clear trading position and redevelopment upside balanced against neighbourhood challenges and likely refurbishment costs. It will suit buyers focused on central retail income or those prepared to invest in the upper floors to improve returns.
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