Alga Terrace, Scarborough, YO11

Property Details: - Type: Residential development - Bedrooms: 5 - Bathrooms: 0

Agent: CPH Property Services - Scarborough Phone: 01723 266951

<p>This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).</p><p>-+SUBSTANTIAL DEVELOPEMENT/RE-DEVELOPMENT OPPORTUNITY-+ This period property is currently laid out over three floors and has previously been a mixed use property of both commercial and residential. The property has now fallen into a state of disrepair and the current owners have sought informal advice from the council, the council have strongly suggested they would support a scheme of re-development of the site, potentially up to five floors.</p><p>We feel the site would be well suited to a block of apartments or possibly again a mixed use scheme on the site or possibly even period 'Victorian Style' houses. The site would potentially be well suited to a range of schemes and is therefore sold as is with the buyer to ascertain what they would like to do with the site. The vendors have had correspondence with the council to suggest that any future development could be taller than the existing building. Also they would look favorably upon a more contemporary building that picks up on the character of the neighboring properties. The property does also benefit from rear vehicular access along the back lane.</p><p>The property is well located on Scarborough's South Cliff set just one street back from The Esplanade. Being located so centrally at the bottom end of The Esplanade the site offers excellent access to a wide range of amenities and attractions including local shops, The Spa and Conference centre plus cliff lift down to Scarborough's South Bay or Scarborough town centre is just a short walk over Spa bridge.</p><p>Viewing is highly recommended to fully appreciate the space, setting and potential on offer of the site however we must advise that any prospective buyer may enter the site at their own risk, the owners and/or CPH will take no liability for any injuries or accidents whilst on site.</p>