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 Sold
Price £345,000
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.
