Former St Thomas Hospital 11 Former St Thomas Hospital Foreshore Road, Scarborough, YO11

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

For Sale

• Occupying a prime position on Scarborough's main seafront, overlooking the famous South Bay Beach and the harbour.

• Comprising a substantial Grade II Listed former Hospital building which dates back to the mid 19th Century. Planning approved for the conversion of the upper levels to create residential apartments. Copies of the residential use consents and associated plans all available within the Data Room along with the technical information.

• Internally, the front section of the property marked by Foreshore Road is configured to provide six retail units at ground floor level. The upper floors are currently vacant and provide development potential.

• There is a three storey former staff accommodation to the rear which is in poor condition together with two cottages fronting Merchants Row.

• The ground floor retail units produce a gross income of £120,202 per annum.

• The site extends to 0.213 hectares (0.527 acres).

• Offers are being sought in excess of £2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds).

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.

The subject property occupies a prime position on Foreshore Road in the centre of the South Bay and is located directly opposite the beach. It is in close proximity to the former Futurist Theatre site which is currently proposed to be developed as a leisure development by Flamingo Land. The site is in an area with substantial footfall and amongst tourist related units included gift shops, cafes, restaurants and amusement arcades. The property is situated between two of Scarborough leading amusement centres, Coney Island and Gilly's Leisure Centre.

Tenancy Schedule

Please see attached details for the full tenancy schedule.

Opportunity

Full planning approval has already been obtained for the conversion of the upper levels of the principal building to form residential apartments. In addition, the property could lend itself to further alternative uses to include retail, leisure and tourist related uses subject to the appropriate consents.

Services

We are advised mains gas, water, electricity and drainage are available and connected to the property.

Business Rates

Unit 1 - Shop and Premises £14,500

Unit 2 /4 - Shop and Premises £46,250

Unit 5 - Shop and Premises £20,000

Unit 6 - Shop and Premises £21,750

Energy Performance Certificate

EPCs available in Technical Information Pack.

Tenure

We are advised that the property is held freehold and vacant possession currently exists on the upper floors and the buildings to the rear.

Town Planning

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. From enquiries made of the local Planning Authority, we understand that the property has full consents for its existing use.

Money Laundering

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

VAT

All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Any offer received by Lawrence Hannah will be deemed exclusive of VAT.

Legal Costs

Each party are to be responsible for their own legal costs incurred in connection with this transaction.

Technical Information

All planning and technical information including floor plans and the tenancy agreements, is available to interested parties through a secure data room. Please contact Kathryn Wood, or .