50-59 Newborough, 46-49 Queen Street and 18-20 Market Street Scarborough North Yorkshire YO11 1HQ

  • 50-59 Newborough, 46-49 Queen Street and 18-20 Market Street<br>Scarborough<br>North Yorkshire<br>YO11 1HQ

50-59 Newborough, 46-49 Queen Street and 18-20 Market Street
Scarborough
North Yorkshire
YO11 1HQ

Substantial Freehold Development Opportunity

  • Substantial town centre retail and office building
  • Currently providing 9 shops, self contained office accommodation and 40 indoor car parking spaces
  • Total commercial floor area of 3,491.39 sq m (37,903 sq ft)
  • Total site area of 0.20 Ha (0.49 Acres)
  • Immediate asset management and development opportunities (subject to consents)
  • May suit a variety of alternative uses including Leisure, Student Accommodation and residential
  • Nearby occupiers include Matalan, Boyes, Marks & Spencer, TK Maxx, EE, O2, Cooplands Bakery, Scarborough Market Hall and Vaults
  • Lot
    46
  • Auction
    30th October 2025
  • Rent
    £21,450 per Annum Exclusive
    Plus 3,341.91 sq m (35,994 sq ft) of Vacant accommodation
  • Status
    Available
  • Guide*
    £350,000
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Scottish Family Office
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Substantial Freehold Development Opportunity

  • Substantial town centre retail and office building
  • Currently providing 9 shops, self contained office accommodation and 40 indoor car parking spaces
  • Total commercial floor area of 3,491.39 sq m (37,903 sq ft)
  • Total site area of 0.20 Ha (0.49 Acres)
  • Immediate asset management and development opportunities (subject to consents)
  • May suit a variety of alternative uses including Leisure, Student Accommodation and residential
  • Nearby occupiers include Matalan, Boyes, Marks & Spencer, TK Maxx, EE, O2, Cooplands Bakery, Scarborough Market Hall and Vaults
  • Lot 46
  • Auction 30th October 2025
  • Rent £21,450 per Annum Exclusive Plus 3,341.91 sq m (35,994 sq ft) of Vacant accommodation
  • Status Available
  • Guide* £350,000
  • Sector
    High Street Retail, Office, Development
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Scottish Family Office

Property Information

Location
Miles
41 miles north east of York, 20 miles south of Whitby and 45 miles north of Hull
Roads
A64, M1
Rail
Scarborough Railway Station
Air
Leeds Bradford Airport
Situation

The property is situated on the north side of Newborough, occupying a prominent island site with frontages onto Queen Street, Market Street and St Helen's Square. The property is located 100 metres north of South Bay Beach, Scarborough Big Wheel and St Nicholas Gardens. Nearby occupiers include Matalan, Boyes, Marks & Spencer, TK Maxx, EE, O2, Cooplands Bakery and Scarborough Market Hall and Vaults

Tenure

Freehold.

Location
Miles
41 miles north east of York, 20 miles south of Whitby and 45 miles north of Hull
Roads
A64, M1
Rail
Scarborough Railway Station
Air
Leeds Bradford Airport
Situation

The property is situated on the north side of Newborough, occupying a prominent island site with frontages onto Queen Street, Market Street and St Helen's Square. The property is located 100 metres north of South Bay Beach, Scarborough Big Wheel and St Nicholas Gardens. Nearby occupiers include Matalan, Boyes, Marks & Spencer, TK Maxx, EE, O2, Cooplands Bakery and Scarborough Market Hall and Vaults

Tenure

Freehold.

Description

The property comprises a substantial four storey building currently arranged as 9 shops on the ground and part first floors together with self contained office accommodation on the part first, second and third floors, accessed separately via Queen Street and Market Street, and a basement electricity substation. The property also benefits from an indoor car park for approximately 40 vehicles.

This substantial 0.20 Ha (0.49 Acres) town centre site may suit re-development with a variety of alternative uses. Planning permission was previously granted on 02/02/2017 by North Yorkshire Council under planning ref: 17/00182/FL for Erection of mixed use development comprising a new 6 screen cinema to upper levels and 5 no. A3 restaurant units to ground floor level following partial demolition/partial refurbishment of existing mixed use retail (A1) and office (B1) building.

The Seller has also drawn up proposed plans for the demolition of the existing building and erection of a building to provide commercial floorspace (Class E) at ground floor and accommodation for NHS key workers and students at the upper levels. The development was promoted as a joint venture with Scarborough Borough Council to be funded through PWLB borrowing. The site remains one of Scarborough and North Yorkshire Councils’ foremost regeneration opportunities.

North Yorkshire Council continue to support redevelopment of the Argos building site and have recently funded a major feasibility study for its redevelopment as a new Town Centre location for a major UK retailer.

North Yorkshire Council are currently consulting on sites that should attract public sector funding support from the Combined Authorities, the Plan for Neighbourhood fund, and the Scarborough Town Board and the Argos Building is a site which has been identified as a key site for regeneration and suitable for consideration for public financial support.

VAT

VAT is applicable to this lot.

EPC

The EPCs will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial four storey building currently arranged as 9 shops on the ground and part first floors together with self contained office accommodation on the part first, second and third floors, accessed separately via Queen Street and Market Street, and a basement electricity substation. The property also benefits from an indoor car park for approximately 40 vehicles.

This substantial 0.20 Ha (0.49 Acres) town centre site may suit re-development with a variety of alternative uses. Planning permission was previously granted on 02/02/2017 by North Yorkshire Council under planning ref: 17/00182/FL for Erection of mixed use development comprising a new 6 screen cinema to upper levels and 5 no. A3 restaurant units to ground floor level following partial demolition/partial refurbishment of existing mixed use retail (A1) and office (B1) building.

The Seller has also drawn up proposed plans for the demolition of the existing building and erection of a building to provide commercial floorspace (Class E) at ground floor and accommodation for NHS key workers and students at the upper levels. The development was promoted as a joint venture with Scarborough Borough Council to be funded through PWLB borrowing. The site remains one of Scarborough and North Yorkshire Councils’ foremost regeneration opportunities.

North Yorkshire Council continue to support redevelopment of the Argos building site and have recently funded a major feasibility study for its redevelopment as a new Town Centre location for a major UK retailer.

North Yorkshire Council are currently consulting on sites that should attract public sector funding support from the Combined Authorities, the Plan for Neighbourhood fund, and the Scarborough Town Board and the Argos Building is a site which has been identified as a key site for regeneration and suitable for consideration for public financial support.

VAT

VAT is applicable to this lot.

EPC

The EPCs will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant Term Gross Rent p.a.x.
50/53 Newborough Ground
First		 Retail
Ancillary
720.88
409.88
(7,753)
(4,412)
 VACANT - -
54 Newborough Ground
First		 Retail
Ancillary
136.94
45.43
(1,474)
(489)
 VACANT - -
56/57 Newborough Ground Retail
149.48
(1,609)
 INDIVIDUAL
t/a One Stop		 15 years from 22/02/2010 until 22/02/2025 (Holding Over) £20,000
56/58 Newborough Ground Retail
65.96
(710)
 VACANT - -
59 Newborough Ground
First		 Retail
Ancillary
68.65
45.43
(739)
(489)
 VACANT - -
46 Queen Street Ground
First		 Retail
Ancillary
25.45
62.99
(274)
(678)
 VACANT - -
47/48 Queen Street Ground
First		 Retail
Ancillary
49.52
67.35
(533)
(725)
 VACANT - -
18 Market Street Ground Retail
30.00
(323)
 VACANT - -
20 Market Street Ground Retail
34.00
(366)
 VACANT - -
49 Queen Street Second
Third		 Office
Office
1,356.40
19.16
(14,599)
(206)
 VACANT - -
17 Marker Street Lower Mezzanine Office
234.48
(2,524)
 VACANT - -
Substation Basement Substation
-
-
 NORTHERN EASTERN ELECTRICITY 20 years from 29/05/1986 until 30/04/2006 (Holding Over) £1,450
Total    
3,491.39
(37,903)
     £21,450

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
DWF Law LLP Bridgewater Place Water Lane
Leeds
LS11 5DY
Guy Rusling 44 113 204 1637Guy.Rusling@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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