Land for sale in Thorpe Street, Bridlington YO15

The land is located within the coastal town of Bridlington and within walking distance of Bridlington’s amenities including the South Beach and the well renowned Bridlington Spa. The immediate area consists primarily of residential and a local marital arts facility and fitness centre is situated directly in front of the site.

The land is currently used as car parking under the name Thorpe Mews Car Park for up to 12 vehicles and has on site anpr cameras and signage to continue operating as a private car park should the new owner wish to do so.

The annual income for the car park is circa £7,000 per year and we are advised the site is regularly used throughout the year and more particularly during the Spring/Summer months. The site subject to planning could be used for other purposes with the benefit of having access directly from Thorpe Street.

The freehold interest in the land is available at a guide price of £65,000. Based on the projected annual income outlined above, this would reflect a net initial yield of 10.58% assuming acquisition costs of 1.8%. Viewings are available at anytime and please note if parking on site, you agree to abide by the terms and conditions as set out in the parking conditions which are displayed and detailed on site.