Summary - Victoria Road, Scaborough, YO11 1SY YO11 1SY
1 bed 1 bath Residential Development
Large redevelopment and income opportunity near town centre and transport links.
Two prominent retail units with strong Victoria Road frontage and good passing trade
Substantial warehouse (approx. 5,182 sq.ft) with servicing access on Mill Street
Two houses producing immediate rental income (periodic ASTs) requiring updating
One retail unit vacant; opportunity to re-let or repurpose for higher rent
Several tenants' leases expire 2026; short-term reversion potential
Mixed EPCs (C–F) — main retail block rated F; refurbishment likely needed
Located in a very deprived area with very high crime statistics — factor into valuation
Freehold sale; vendor may consider part-sale, subject to negotiation
A substantial mixed-use freehold in central Scarborough, this holding extends to approximately 23,500 sq.ft across retail, residential and warehouse buildings. The site offers immediate income from three tenanted units and a vacant prominent retail unit with strong roadside visibility on Victoria Road. The warehouse on Mill Street provides flexible commercial space or redevelopment potential subject to planning.
The portfolio suits investors, developers or owner-occupiers seeking a value-add opportunity. Several residential and commercial elements would benefit from refurbishment to improve rents and yields; current EPCs range from C to F, with the main retail block graded F. Two leases expire in 2026 and a number of residential lets are periodic, offering short-term asset management options.
Material local factors should be considered: the area is classified as very deprived with very high crime statistics, and the surrounding demographic includes constrained renters. Road links are strong via the A64 and town-centre location delivers footfall, but any redevelopment or change of use will require planning consent and tenant management.
Overall this is a rare, large-scale freehold near Scarborough town centre offering multiple routes to create value — whether through active asset management, refurbishment, part-sale (vendor may consider) or redevelopment subject to consents.
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