Guide price
£105,000
(£119.45/sq. ft)
Retail premises for saleSeaside Road, Withernsea HU19
879 sq. ft
About this property
Mixed-use investment currently producing £13,200 per annum.
High yielding future redevelopment opportunity.
Within walking distance of Withernsea’s amenities.
Freehold subject to the existing tenancy at a guide price of £105,000.
The property is located in the popular seaside town of Withernsea situated approximately 18 miles east of Hull. The property is situated along Seaside Road near to Queen Street and in close proximity to the Aldi supermarket within the centre of Withernsea. The property is within walking distance of all local amenities including Withernsea Central Promenade beach front.
The property comprises of a ground floor retail/office unit with rear kitchen and W/c facilities in situ. The upper floors comprise of a self- contained 1-bed flat over two floors with the potential for future reconfiguration into a 2-bed flat.
The property is let entirely on commercial lease terms from and including 14th March 2025 at a current rent passing of £13,200 per annum exclusive. The rent has recently been increased from £10,800 per annum with the current tenant being in occupation since April 2023.
The freehold interest subject to the existing tenancies is available at a guide price of £105,000. A purchase at this level presents a niy of 12.11% assuming acquisition costs of 3.8%.Viewings strictly by appointment through us as sole agents.
The property comprises of a ground floor retail/office unit with rear kitchen and W/c facilities in situ. The upper floors comprise of a self- contained 1-bed flat over two floors with the potential for future reconfiguration into a 2-bed flat.
The property is let entirely on commercial lease terms from and including 14th March 2025 at a current rent passing of £13,200 per annum exclusive. The rent has recently been increased from £10,800 per annum with the current tenant being in occupation since April 2023.
The freehold interest subject to the existing tenancies is available at a guide price of £105,000. A purchase at this level presents a niy of 12.11% assuming acquisition costs of 3.8%.Viewings strictly by appointment through us as sole agents.
Mortgage calculator
Monthly repayment
£525 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}