Summary - 139-141 High Street,SCUNTHORPE,DN15 6LP DN15 6LP
1 bed 1 bath Retail Property (high street)
Large mixed-use premises with immediate trading potential and redevelopment upside.
Prime pedestrianised High Street frontage with wide double-frontage visibility
Ground floor newly renovated and fitted for restaurant/takeaway trading
Planning consent granted to convert first floor to four flats (PA/2021/323)
Substantial total area — approx. 2,331 to 4,649 sq ft across floors
External security shutters and alarm system already installed
Located in a very deprived area with very high local crime levels
Very slow broadband speeds may affect certain tenants and services
First-floor conversion requires building works and fit-out costs
This sizeable double-fronted High Street premises occupies a prominent pedestrianised position in central Scunthorpe, offering immediate retail or restaurant use at ground-floor level. The ground floor is newly refurbished with a fitted kitchen, dining area, staff facilities, security alarms and external shutters, so a trading business can be established quickly.
For an investor or developer the property offers clear upside: planning permission (PA/2021/323, granted 7 July 2021) to convert the first floor into four flats. The substantial overall floor area and wide frontage mean good visibility and scope to create separate income streams from commercial and residential uses.
There are material local-market considerations to factor into an acquisition plan. The wider location has high footfall and many town-centre amenities but sits in a very deprived area with very high crime levels and very slow broadband — issues that will affect tenant profile, management costs and rental values. The first floor is currently offices/stores and will require conversion works to realise the permitted flats.
Offered for sale at £335,000, the property suits investors seeking a mixed-use redevelopment or operators wanting a ready-to-trade restaurant/takeaway with immediate frontage. Buyers should budget for conversion costs, ongoing security and management measures given the local context.
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