Lisa Crowe Estate Agents says ..

Property Oracle says ..

This property presents a mixed investment opportunity. It comprises a ground floor flat above a currently trading cafe situated in a desirable Scarborough location on North Marine Road. The proximity to Scarborough town centre and the coast increases its appeal as either a residential or business property. However, the images reveal a need for modernisation both within the flat and potentially in the cafe’s interior. The small yard and the separate garage/workshop are added benefits, but the lack of detailed information about the financial performance of the cafe makes a definitive assessment of the value challenging. Potential buyers should conduct thorough due diligence and obtain professional advice on renovation costs and the cafe’s income potential before making a purchase decision. The relatively high listing price compared to some other local properties (although no direct property type comparisons can be made given the lack of sqft data in comparison properties), combined with the necessary refurbishment, positions the property as a higher-risk but potentially rewarding investment. Further information concerning the lease terms for the flat and the garage, as well as details concerning the building’s overall structural condition and any potential planning constraints, would greatly aid in a more definitive assessment.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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