Block of flats for sale in Albion Terrace, Bridlington YO15

A substantial Seafront Georgian style terrace property situated right next to Bridlington Sea Front, close to top attractions like Sewerby Hall and Gardens and adjacent to the new Premier Inn on the North Beach side of Bridlington.

An opportunity to acquire this outstanding investment of five refurbished apartments along with the freehold of the building, situated in Bridlington’s upmarket sector with stunning views across the bay and beach – A superb site. This is a stunning location offering spectacular sea and beach views and only a few minutes’ walk to the nearby restaurants and bars. Currently let on AST’s with an annual income of £28,596, the property could easily be let out as holiday lets. Have estimated a potential gross income of £82,500 pa. The freehold premises have just undergone major refurbishment including new roof, electrics, complete redecoration, new bathrooms and very much more. Heated by electric with new energy efficient heaters, each apartment now has internal wall insulation and room in roof insulation to keep heating costs low.
Ground Floor:-
Communal entrance with entry through to mobile phones (so can be answered even when you are out). Then a staircase leading to all floors. There is a lobby area and bike storage area at the first landing and a door to the rear exit and external stairs leading to parking, garage, and bins. On alternate landings are cupboards and storage rooms.

Apartment One – ground floor: Open plan lounge/modern kitchen with breakfast bar - views to the sea. Double bedroom with a separate dressing room. Shower room with toilet and wash hand basin.
Apartment Three – Second floor: Lovely lounge overlooking the sea with a modern kitchen with white units also overlooking the sea, double bedroom, shower room with toilet and basin.
Apartment Two – Third floor: Lovely lounge overlooking the sea with a modern kitchen with white units also overlooking the sea, double bedroom, shower room with toilet and basin.
Apartment Four – Fourth floor: Lovely lounge overlooking the sea with a modern kitchen with white units also overlooking the sea, double bedroom with en-suite shower room, toilet and basin.
Apartment Five – Fifth floor: Rooftop apartment Small sitting room overlooking the sea with a modern kitchen with white units also overlooking the sea, double bedroom, en-suite toilet and basin. Separate shower room with hand basin.

Current EPC’s do not reflect the renovations but when reassessed are estimated at all being Band C.

There is also a one-bedroom garden flat within the building which has been renovated and sold off with a 200 year lease from 2020. A ground rent (currently £67pa) and share of maintenance fees are paid annually by the leaseholder.

The property is held in a company; Talisman Estates Trading Ltd. Company number 10198159. We are open to the sale being by purchasing the shares of the company as this may be simpler and more tax efficient.