£69,999
Property for saleSt. Johns Avenue, Bridlington, East Yorkshire YO16
Freehold
About this property
Six garages, workshops and lock-up storage units
Fully tenanted investment opportunity
Annual rental income of approximately £5,772
Individually secured units of varying sizes
Rolling rental agreements with one month's notice
Established courtyard arrangement
Convenient western Bridlington location
Potential for rental growth and future redevelopment (STP)
Seven Individual Units | Fully Tenanted | Annual Rental Income Approximately £5,772 | Flexible Occupation Agreements | Investment & Development Potential (STP)
Harris Shields Collection are delighted to offer to the market this rare opportunity to acquire an established courtyard of six garages, workshops and lock-up storage units, conveniently situated to the rear of St Johns Avenue on the western side of Bridlington.
Offering an attractive investment opportunity, the property comprises a mixture of generously proportioned garages, workshops and secure storage accommodation, all currently occupied and collectively generating an annual rental income of approximately £5,900.
The units are individually secured and occupied under rolling rental agreements, with one month's notice required to terminate the arrangements. This provides an incoming purchaser with the opportunity to benefit from an established income stream whilst retaining flexibility for future management, rental reviews or alternative uses, subject to the necessary consents.
Accommodation
The courtyard comprises six individual units of varying sizes and configurations, offering accommodation suitable for a range of storage and workshop requirements.
Unit 1: Approximately 484 sq ft, with double timber entrance doors and internal dimensions of approximately 15m x 3m.
Unit 2: Approximately 630 sq ft, with double timber entrance doors and internal dimensions of approximately 15m x 4m.
Unit 3: Approximately 188 sq ft.
Unit 4: Approximately 340 sq ft.
Unit 5: Approximately 380 sq ft, with internal dimensions of approximately 6m x 6m.
Unit 6: Approximately 380 sq ft, comprising a double unit with internal dimensions of approximately 6m x 6m.
The buildings are arranged around a central courtyard, providing convenient access to the individual units and creating a practical setting for their continued use as garages, workshops and lock-up storage facilities.
Investment & Future Potential
With all six units currently tenanted, the property offers an established rental investment that may appeal to private investors, commercial landlords and purchasers seeking an alternative to traditional residential property investment.
The variety of unit sizes provides flexibility within the existing accommodation, whilst the rolling rental arrangements may offer opportunities for future rental restructuring, subject to the terms of the individual agreements.
Beyond its existing use, the courtyard and buildings may also present opportunities for refurbishment, reconfiguration or potential redevelopment, subject to obtaining the necessary planning permissions, building regulations approval and other relevant consents.
Location
Situated to the rear of St Johns Avenue, on the western side of Bridlington, the property occupies an established location within easy reach of the town centre, surrounding residential areas and local road connections.
An excellent opportunity to acquire a fully occupied collection of six garages, workshops and lock-up units, providing immediate rental income together with potential for future enhancement or alternative uses.
Early enquiries are encouraged, with further information regarding the existing rental arrangements available through Harris Shields Collection.
Agents' Note: Rental income figures have been supplied by the vendor and should be independently verified. All measurements are approximate. Prospective purchasers should satisfy themselves regarding the condition, permitted uses, occupational agreements and any potential redevelopment opportunities. Any alternative use or redevelopment would be subject to the necessary statutory consents.
Harris Shields Collection are delighted to offer to the market this rare opportunity to acquire an established courtyard of six garages, workshops and lock-up storage units, conveniently situated to the rear of St Johns Avenue on the western side of Bridlington.
Offering an attractive investment opportunity, the property comprises a mixture of generously proportioned garages, workshops and secure storage accommodation, all currently occupied and collectively generating an annual rental income of approximately £5,900.
The units are individually secured and occupied under rolling rental agreements, with one month's notice required to terminate the arrangements. This provides an incoming purchaser with the opportunity to benefit from an established income stream whilst retaining flexibility for future management, rental reviews or alternative uses, subject to the necessary consents.
Accommodation
The courtyard comprises six individual units of varying sizes and configurations, offering accommodation suitable for a range of storage and workshop requirements.
Unit 1: Approximately 484 sq ft, with double timber entrance doors and internal dimensions of approximately 15m x 3m.
Unit 2: Approximately 630 sq ft, with double timber entrance doors and internal dimensions of approximately 15m x 4m.
Unit 3: Approximately 188 sq ft.
Unit 4: Approximately 340 sq ft.
Unit 5: Approximately 380 sq ft, with internal dimensions of approximately 6m x 6m.
Unit 6: Approximately 380 sq ft, comprising a double unit with internal dimensions of approximately 6m x 6m.
The buildings are arranged around a central courtyard, providing convenient access to the individual units and creating a practical setting for their continued use as garages, workshops and lock-up storage facilities.
Investment & Future Potential
With all six units currently tenanted, the property offers an established rental investment that may appeal to private investors, commercial landlords and purchasers seeking an alternative to traditional residential property investment.
The variety of unit sizes provides flexibility within the existing accommodation, whilst the rolling rental arrangements may offer opportunities for future rental restructuring, subject to the terms of the individual agreements.
Beyond its existing use, the courtyard and buildings may also present opportunities for refurbishment, reconfiguration or potential redevelopment, subject to obtaining the necessary planning permissions, building regulations approval and other relevant consents.
Location
Situated to the rear of St Johns Avenue, on the western side of Bridlington, the property occupies an established location within easy reach of the town centre, surrounding residential areas and local road connections.
An excellent opportunity to acquire a fully occupied collection of six garages, workshops and lock-up units, providing immediate rental income together with potential for future enhancement or alternative uses.
Early enquiries are encouraged, with further information regarding the existing rental arrangements available through Harris Shields Collection.
Agents' Note: Rental income figures have been supplied by the vendor and should be independently verified. All measurements are approximate. Prospective purchasers should satisfy themselves regarding the condition, permitted uses, occupational agreements and any potential redevelopment opportunities. Any alternative use or redevelopment would be subject to the necessary statutory consents.
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