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10 bed property for sale

£465,000

Restaurants YO11, North Yorkshire

10
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Property description

Fully licensed restaurant in Scarborough for Sale.

An excellent opportunity to acquire this excellent business situated in the heart of this thriving town centre – densely populated area of scarborough. This is a substantial freehold property offering spacious restaurant facilities plus two superb self-contained apartments. The present owners are retiring after 24 years here – two families run this business and have had a super living over the years. Taking £3,500 to £4,000 weekly - Showing Adjusted Net Profits of £40,419 prior to Depreciation, Amortisation & Director’s Remuneration on accounts for year ended 30th November 2015. The business is worked over 6 evenings and literally oozes potential for so much more with enthusiastic younger owners. This site could be very busy for morning coffee’s and lunches in this position. The premises comprise: Reception leading to the cocktail / coffee lounge. The restaurant is split into two areas and has lots of ambiance and atmosphere, seating approximately 76 with ease. Superb open kitchen offering an abundance of hi tech commercial equipment with preparation areas, cooking and dishwashing areas and excellent extraction system. There are two self-contained apartments:- Apartment One comprises: First floor large lounge / formal dining room, one bedroom en-suite, well fitted kitchen. Second floor family bathroom, three bedrooms. Third floor two bedrooms, two store rooms. Apartment Two comprises: First floor utility room, toilet and wash hand basin, lounge / formal dining room, fitted kitchen. Second floor three bedrooms, family bathroom. Third floor one large bedroom, office, store room. This is a truly outstanding concern that must be seen to be appreciated. A superb business and freehold property with restaurant and two delightful apartments. Highly recommended.
EPC Band E.

Property info

Market activity
Average price paid £147,151 Sales 369 Current average value £149,206 (Zoopla Zed-Index) Value change £4,063 ▲ 2.80%

Property value data/graphs for YO11

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £234,496 £173 3.3 £249,362
Semi-detached £151,887 £158 3.0 £152,859
Terraced £137,137 £136 3.4 £138,980
Flats £117,081 £157 1.9 £101,234

Current asking prices in YO11

Average: £279,796
Avg. current asking prices in YO11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £61,250
(4)
£138,150
(17)
£184,399
(27)
£274,863
(22)
£323,564
(7)
Flats £79,120
(25)
£184,729
(58)
£142,483
(6)
£137,500
(1)
£200,000
(1)
All £76,655
(29)
£174,171
(75)
£176,778
(33)
£268,891
(23)
£308,118
(8)

Current asking rents in YO11

Average: £449 pcm
Avg. current asking prices in YO11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £342 pcm
(1)
£622 pcm
(2)
£576 pcm
(1)
- -
Flats £395 pcm
(10)
£478 pcm
(10)
£535 pcm
(2)
- -
All £390 pcm
(11)
£502 pcm
(12)
£549 pcm
(3)
- -

Fun facts for YO11

Highest value in YO11
Highest value streets Zed-Index
Deepdale Avenue £421,102
Weaponness Drive £390,444
Weaponness Park £295,041
Folkton, Scarborough YO11 £294,070
North Street £271,428
Highest turnover in YO11
Highest turnover streets Turnover
Filey Road 51.4%
Sea Cliff Crescent 50.0%
Main Street 50.0%
Beverley Close 48.3%
The Furrows 42.9%

What Zoopla users think of Scarborough

Overall rating:

  • currently 4 stars
Very good - 78% (107 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Scarborough:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Scarborough (0.1 miles)
  • Seamer (2.8 miles)
  • Filey (6.6 miles)
  • Durham Tees Valley Airport (44.3 miles)
  • Humberside Airport (48.9 miles)
  • Leeds Bradford International Airport (58.5 miles)
  • Hull Ferry Terminal (37.5 miles)
  • Transporter Bridge South Side (39.3 miles)
  • Transporter Bridge North Side (39.3 miles)

Nearby schools

View all schools in Scarborough
  • Gladstone Road Primary School (0.4 miles)
  • Friarage Community Primary School (0.4 miles)
  • Scarborough, Northstead Community Primary School (1.0 mile)
  • Ampleforth College (28.1 miles)
  • River Tees High Academy (37.3 miles)
  • The Boulevard Centre (37.5 miles)
  • Springhead School (1.1 miles)
  • Scarborough College (1.1 miles)
  • St Augustine's Roman Catholic School, Scarborough (1.1 miles)
Note: Distances are straight line measurements

Local info for Scarborough

About the neighbours in YO11

AskMe Q&A for Scarborough

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For more information about this property, please contact
Ernest Wilson, LS27 on +44 113 482 9940 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ernest Wilson, and do not constitute property particulars. Please contact Ernest Wilson for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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