The property is located within the coastal town of Bridlington and within walking distance of Bridlington North Beach. The immediate area contains a mixture of residential and local businesses including the East Riding Leisure Centre and Premier Inn hotel. The former Co-Op building opposite has recently been demolished and is set to provide additional car parking facilities.
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 with offers in the region of £139,950 for the freehold interest. A purchase at this level provides a net initial yield of 9.19% assuming acquisition costs of 1.8%.
Viewings are strictly through appointment via us as sole selling agent.
For further information about this property listing you can download the brochure or contact Jonathan Barker on 07432 534668 or by emailing jonathan@barkerproperty.uk
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