The substantial and imposing Grade II Listed former hospital building located on Scarborough’s main seafront is being brought to the market.
Dating back to the mid-19th century the Victorian villa style property offers unique redevelopment and investment opportunity with approved planning for the conversion of the upper levels to create residential apartments.
Along with the former hospital building there is former staff accommodation to the rear, together with two cottages fronting Merchants Row.
The property is being marketed by our Leeds office alongside joint agents Lawrence Hannah.
Speaking about the site, partner in our Leeds office, Ian Naylor commented, “It’s rare that properties with this much development potential come to market in such prominent positions and we expect to receive significant interest. ~The ground floor of the property comprises six retail units that provide an income over £120,000 a year and the upper floors have planning for residential conversion making this a really interesting investment opportunity.”
Scarborough 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.
Offers are being invited in the region of £2,250,000 and you can view the property details here.