Property photos
Guide price
£155,000
(£128.89/sq. ft)
Retail premises for sale
Promenade, Bridlington YO151,125 sq. ft
Local area information
Property location
Nearby amenities
- Quay Academy 0.5 miles
- Bridlington 0.5 miles
- Bay Primary School 0.7 miles
- Bempton 3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Mixed-use investment opportunity.
- Situated in highly prominent position.
- Recently fully let achieving a total income of £13,100pa.
- Within close proximity to Bridlington North Beach.
The property is located within the coastal town of Bridlington and within walking distance of Bridlington North Beach. The immediate area contains a mixture of residential and local businesses including the East Riding Leisure Centre and Premier Inn hotel. The former Co-Op building opposite has recently been demolished and is set to provide additional car parking facilities.
The property comprises of a ground floor retail unit with double fronted bay windows providing plenty of character and also includes a rear kitchenette, office and storage space towards the rear.
The first and second floors provide a two bedroom self-contained masionette which is accesible from the rear via Providence Place. The maisonette comprises of two bedrooms at the first floor with the living room, kitchen and bathroom situated upon the second floor. The ground floor retail unit has recently been let on a five year term from 01/04/2024 at £6,500pa exclusive. The upper maisonette has also recently been let at approximately £550pcm. The total income achieved is approximately £13,100pa.
The property is available subject to the existing tenancies at a guide price of £155,000. A purchase at this level provides a net initial yield of 8.3% assuming acquisition costs of 1.8%. Viewings are strictly through appointment via us as sole selling agent.
The property comprises of a ground floor retail unit with double fronted bay windows providing plenty of character and also includes a rear kitchenette, office and storage space towards the rear.
The first and second floors provide a two bedroom self-contained masionette which is accesible from the rear via Providence Place. The maisonette comprises of two bedrooms at the first floor with the living room, kitchen and bathroom situated upon the second floor. The ground floor retail unit has recently been let on a five year term from 01/04/2024 at £6,500pa exclusive. The upper maisonette has also recently been let at approximately £550pcm. The total income achieved is approximately £13,100pa.
The property is available subject to the existing tenancies at a guide price of £155,000. A purchase at this level provides a net initial yield of 8.3% assuming acquisition costs of 1.8%. Viewings are strictly through appointment via us as sole selling agent.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
More information
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Listed by
Barker Property Consultants
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