Commercial pressure to redevelop two buildings in Scarborough Town centre has played a part in the borough council agreeing to buy them.
The authority is buying Pavilion House and the old Comet building to enable the redevelopment of the area around the railway station.
Developers have expressed interest in turning both buildings into residential properties and a developer has already acquired the Pavilion House site.
The council wants to use the buildings as part of a redevelopment of the area around the railway station.
Councillor Paul Riley - who chaired an overview and scrutiny committee which looked at the proposal to buy the buildings - says Commercial interest in redeveloping the buildings for residential use has forced the council to act sooner than it might have liked.
Councillor Riley says that although the council is paying market rates for the buildings, the price of Pavilion house has increased since it was bought by a commercial developer and the interest in the Comet building has also had an impact.
The oversight committee say that a market valuation has been conducted and the council is paying the market rate for the buildings.
The committee also concluded that there is demand for new office space in the buildings including from the NHS
Councillor Paul Riley says there is an opportunity to create a public sector hub in the building.
This is the Coast is 100% locally owned and operated. We don’t rely on public funding or government grants—we rely on our community.
Producing trusted, fact-checked local news takes time and resources. If you value having a dedicated team of professional journalists fighting for our region, please consider supporting us.
Help keep the Yorkshire Coast informed for the price of a coffee a month.
The development of the Woodsmith Mine in North Yorkshire has received a significant vote of confidence following the announcement of a new investment agreement between Anglo American and the Mitsubishi Corporation.
Scarborough is embarking on a transformative journey as it prepares a bid to become the UK’s first-ever Town of Culture in 2028 but your help is needed.
The East Riding Council's latest housing strategy has come under scrutiny as local representatives clash over whether the planned investment is sufficient to tackle the region's growing housing needs.
A person was safely recovered after becoming trapped in the mud at Whitby Harbour earlier, in what officials have described as a "worrying experience" that required a swift multi-agency response.
Nine community groups along the North Yorkshire coast are celebrating a funding boost that will help people feel more connected, supported and confident in their everyday lives.
Humberside Fire Authority has agreed a maximum pre-referendum level council tax precept rise for the fire service but will still have to dip into its reserves in the next year.
Councillors have agreed to provide £150,000 to Citizens Advice in North Yorkshire to reduce winter deaths and help vulnerable people stay warm in cold weather.
The executive of North Yorkshire Council has today unanimously approved a loan facility of up to £150,000 to support Scarborough Athletic Football Club following a challenging period of displaced fixtures and lost revenue.
As a 12-week national government consultation on the proposed "Overnight Visitor Levy" reaches its conclusion, the future of the Yorkshire Coast's tourism landscape hangs in the balance.
The development of the Woodsmith Mine in North Yorkshire has received a significant vote of confidence following the announcement of a new investment agreement between Anglo American and the Mitsubishi Corporation.
Scarborough is embarking on a transformative journey as it prepares a bid to become the UK’s first-ever Town of Culture in 2028 but your help is needed.
Comments
Add a comment