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.
- RELATED STORIES : Council to Buy Two Scarborough Buildings to Enable Gateway Scheme
- RELATED STORIES : Revamp Planned for Scarborough's "Ugliest" Building


Proposed Tourist Tax Sparks Fear Among Yorkshire Coast Accommodation Providers
Classic Cars Set To Begin Epic 500-Mile Roman Road Journey From Robin Hood's Bay
Scarborough Athletic Face Tough FA Cup Test At Macclesfield
Public Views Sought As Critical Council Services Face Financial Squeeze
Summer Visitor Boom Boosts Bridlington Attractions As Events Expand
£3.5m Bus Franchising Assessment Approved Amid 'Empty Buses' Warning
Bridlington Town Face Derbyshire Trip
Specialist Investigators Fast-Tracked To Fire Scenes As Deliberate Fires Surge
Whitby Town Manager Lee Bullock Steps Down Due To Health Reasons
Eviction Notice Overturned For Hunmanby Football Club
Thousands Of Students Will Explore Future Careers At Scarborough STEM Week
Residents Invited To Shape The Future Of Filey And Eastfield







Comments
Add a comment