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Former St Thomas Hospital, Scarborough

Retail storefront for sale in Scarborough

£2,250,000 / 5,811 sq ft

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Primary Photo - Former St Thomas Hospital, Scarborough - Shop / Retail storefront for sale - 5,811 sq ft

Highlights

Features

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Former St Thomas Hospital, 11 Foreshore Rd, Scarborough YO11 1PB

Asking price
£2,250,000
Marketing
PDF #1 Marketing brochure/flyer

Sale details

There is 1 space available, measuring 5,811 sq ft.

Space Size Tenure Price Use Available
Sale unit Sale unit Size 5,811 sq ft Tenure Freehold Price £2,250,000 - Available

Sale unit Available

Unit
Sale unit
Size
  • 5,811 sq ft
Price
£2,250,000
Net initial yield
5.34%
Price per sq ft
£387.20
  • We are advised that the property is held freehold and vacant possession currently exists on the upper floors and the buildings to the rear.
  • The current Scarborough Borough Council Local Plan was adopted in July 2017. As part of this plan the property lies within an area allocated for ‘Amusement Arcades’.
  • It is Grade II Listed and situated within Scarborough Conservation Area.
  • Planning approved for the conversion of the upper levels to create residential apartments.
  • Business Rates Payable: Unit 1 – Shop and Premises £7,119.5 Unit 2 /4 – Shop and Premises £22,708.75 Unit 5 – Shop and Premises £9,820 Unit 6 - Shop and Premises £10,679.25.
Sale type Investment
Tenure Freehold
Net operating income £120,200

Property facts for Former St Thomas Hospital, Scarborough

A substantial and imposing Grade II Listed former Hospital building dating back to the mid 19th Century. The property is constructed over three storeys in a Victorian villa style. To the rear is a former staff accommodation and there are two cottages fronting Merchants Row.

Scarborough is a traditional seaside town, which developed with the railway in the 19th century and was Yorkshire’s first seaside resort. It is an established commercial, tourist and retail centre, approximately 40 miles east of York with a population in the region of 81,000 people. The town is situated adjacent to the North York Moors National Park and is one of the principle resorts on the north east coast attracting an estimated 7 million visitors per year.

Building subtype
Retail storefront
Number of storeys
3
Total building area
18,000 sq ft
Rentable building area
5,811 sq ft
Lot size
0.53 acres
Year built
1850

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Former St Thomas Hospital, Scarborough

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Lawrence Hannah Ltd

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Lawrence Hannah Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Lawrence Hannah Ltd for full details and further information. 11148229