Retail premises for sale in Promenade, Bridlington YO15
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Property features
- 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.
Property description
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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Barker Property Consultants, HU15 on +44 1482 535534 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Barker Property Consultants, and do not constitute property particulars. Please contact Barker Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.