St Nicholas Street, Scarborough

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

Agent: Colin Ellis Estate Agents - Scarborough, Sales Phone: 01723 266928

Situated on St Nicholas Street, this substantial freehold property offers a unique opportunity for both investors and developers. Spanning across four floor and dating back to 1800, the building boasts a rich history and significant potential for redevelopment.<br/><br/>The building previously operated as a bar, it retains a certain charm that could be revitalised with the right vision. The location is ideal, situated in a bustling town centre, which enhances its appeal for mixed-use development.<br/><br/>Plans have already been prepared for the conversion of the upper floors into eleven self contained flats, (subject to planning) but could be redeveloped with other configurations. <br/><br/>Whether you are seeking a project to transform or a strategic investment, this property on St Nicholas Street is a rare find that combines historical significance with modern possibilities. Do not miss the chance to explore the potential that this property holds.<br/><br/><b>Location</b> - Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast, attracting an estimated 7 million visitors a year. <br/><br/>These premises are situated on St Nicholas Street which is just off the pedestrianised shopping precinct of Westborough and benefits from all year round passing trade.<br/><br/><b>The Building</b> - A substantial five storey building situated in the main town centre that has previously been operating as a bar. The building has now been stripped back and is ready for repurposing. Extensive plans have been drawn up that include potential for a large retail / restaurant space on the ground floor with a conversion / development of the upper floors into a block of self contained flats. The rear benefits from having sea views across the south bay from the upper floor levels.<br/><br/><b>Tenure</b> - Freehold with vacant possession<br/><br/><b>Guide Price</b> - Available with a guide price of £400,000.<br/><br/><b>Viewing</b> - Strictly by appointment via sole agents Colin Ellis Property Services on[use Contact Agent Button]<br/><br/>To view all our commercial listings please visit <br/>