135-137 Victoria Road, Scarborough

Property Details: - Type: Residential development - Bedrooms: 0 - Bathrooms: 0

Agent: Stephensons - York Phone: 01904 595673

Substantial Mixed-Use Freehold – Approx. 23,500 sq.ft GIA<br/><br/>A rare opportunity to acquire a freehold property close to Scarborough town centre, comprising: two retail units; two residential houses and a substantial warehouse<br/><br/>Suitable for investors, developers, or owner-occupiers, offering a range of asset management and redevelopment opportunities (subject to the consents).<br/><br/><b>Description</b> - An exceptional opportunity to acquire a substantial mixed-use property in the heart of Scarborough, extending to approximately 23,500 sq.ft GIA across multiple buildings.<br/><br/>The holding includes: two prominent retail units fronting Victoria Road, benefiting from strong visibility and footfall; two semi-detached residential houses, offering immediate income with scope for refurbishment; and a substantial income-producing warehouse on Mill Street, providing extensive storage, distribution, or redevelopment potential.<br/><br/>This rare combination of retail, residential, and industrial accommodation offers significant asset management and redevelopment angles for investors, owner-occupiers, or developers alike.<br/><br/><b>Location</b> - The properties are located on Victoria Road and Mill Street, close to Scarborough town centre. Victoria Road forms one of the main routes into the town, providing good visibility and strong passing traffic. Mill Street lies just off Victoria Road and benefits from convenient access for servicing and deliveries.<br/><br/>Scarborough is a well-established coastal town and the principal commercial centre on the North Yorkshire coast. The properties are within easy reach of Scarborough Railway Station, the seafront, and the A64, which provides direct road connections to Malton, York and the wider regional network.<br/><br/><b>Accommodation</b> - 135-137 Victoria Road(Retail unit)1,263.19 sq.m (13,597 sq.ft) GIA<br/>137a Victoria Road(Retail unit)276.86 sq.m (2,980 sq.ft) GIA<br/>The Warehouse, Mill Street(Warehouse)481.41 sq.m (5,182 sq.ft) GIA<br/><br/>Total Gross Internal Area: 2,021 sq.m (21,759 sq.ft)<br/><br/>The total site extends to 0.34 acres.<br/><br/><b>Services</b> - We understand that mains services including water, electricity, gas and drainage are available to the properties. Interested parties are advised to make their own enquiries.<br/><br/><b>Tenure</b> - The properties are offered freehold, subject to the following tenancies:<br/><br/>135-137 Victoria Road- vacant possession<br/>137a Victoria Road - subject to a lease expiring 30.07.26 outside of L&T Act 1954 at £14,400 pa.<br/>The Warehouse, Mill Street - subject to a lease expiring 30.03.26 outside of L&T Act 1954 at £8,100 pa.<br/><br/><b>Local Authority</b> - North Yorkshire Council.<br/><br/><b>Local Taxation</b> - 135-137 Victoria Road - £21,500 (rateable value)<br/>137a Victoria Road - £11,500 (rateable value)<br/>The Warehouse, Mill Street - £14,750 (rateable value)<br/><br/><b>Energy Performance Certificate</b> - 135-137 Victoria Road - F 147<br/>137a Victoria Road - C 70<br/>The Warehouse, Mill Street D 87<br/><br/><b>Legal Costs</b> - Each party will be responsible for their own legal and professional costs incurred in the transaction.<br/><br/><b>Vat</b> - We understand that the property is not elected for VAT.<br/><br/><b>Viewings</b> - Strictly by appointment with the sole selling agents:<br/><br/>Stephensons Estate Agents (Commercial & Development)<br/>Elliot Newby MRICS<br/>[use Contact Agent Button]<br/>[use Contact Agent Button]<br/><br/>