THE former £10m Scarborough Building Society headquarters is now up for sale – at £3.5m.
THE former £10m Scarborough Building Society headquarters is now up for sale – at £3.5m
Prospect House, which was home to the historic Scarborough Building Society for seven years before it was taken over by the Skipton, is also available for let.
The 4.69-acre site opposite Morrison’s in Eastfield has stood empty since last October when the Skipton severed ties with the Scarborough’s heritage.
The move came despite assurances from the Skipton that a “significant presence” would be retained in the town.
It ‘merged’ with Scarborough Building Society in March 2009 and axed the name ‘the Scarborough’ completely.
Just two months after initial assurances were made, 90 jobs were put at risk, leading to the loss of 30 jobs.
Before the merger, a spokesperson for the Skipton told the Evening News that the society had a “long term commitment” to keep open the head office for the “foreseeable future”.
Last year’s closure saw the final 136 jobs axed from the site, which was latterly operated by Skipton’s mortgage subsidiary HML (Homeloan Management Ltd).
A question mark now hangs over the future of the building, which was built especially for the Scarborough in 2002 at a cost of £10 million, and officially opened by the Duke of York in October 2003.
Christopher Fordy, acting agent on behalf of Strutt & Parker, said: “With regard to the sale of Prospect House I think for the right person, and someone that has the particular requirements it will seem an attractive proposition.
“There is good labour supply locally which would suit a call centre or that type of offering.
“The site is very well specified. It has great car parking, is very close to Seamer station and the A64 and has access to all the amenities that Scarborough business park has to offer.
“We are hopeful that there will be interest in the building, and that someone will find it an attractive proposition and buy it.”
The building offers office accommodation over three floors, and includes hi-tech equipment and training facilities, a restaurant, a gym, and a Chief Executive suite with shower and adjoining board room with kitchen.
The departure of the Skipton Building Society began in June last year, with HML stating the closure was due to “fixed costs and under capacity” at the offices which “didn’t represent value for money”.
Founded in 1846, Scarborough Building Society was the UK’s 17th largest building society at the time of its takeover.
In 1939 the society opened its first head office when York House was built in York Place, Scarborough, providing both office accommodation and a full branch.
York Place remained in business as a branch until 2006 when Scarborough’s main town centre branch was relocated to Westborough. The York Place office is now home to the Castle Health Centre.
In 2002 the Scarborough Building Society moved from its Scalby Road head-quarters, which had been its home for 22 years, into the new £10 million, 51,000 sq ft Prospect House building in Scarborough Business Park.