The property is located in the popular seaside town of Withernsea situated approximately 18 miles east of Hull. The property is situated along Queen Street in close proximity to the Aldi supermarket within the centre of Withernsea and is within walking distance of all local amenities including Withernsea Central Promenade beach front.
The property comprises of a ground floor retail unit that has recently become vacant and could be of interest to owner occupiers and a 1-bed self contained flat situated upon the first floor.
The flat has been let to the same occupier for over six years and currently produces £350 per calendar month. The upper flat is to be sold with the current tenant in situ and the ground floor to benefit with full vacant possession. Additionally the property enjoys land at the rear used for off-street parking.
The total income once fully let is estimated to be £9,750 per annum with significant potential to increase the income upon the flat to an estimate £425-£450 per calendar month.
The freehold interest is available subject to the existing tenancy with offers in the region of £125,000. The ground floor unit is also available to let on brand new lease terms at £5,750 per annum exclusive.
Viewings strictly by appointment through us as sole agents.
For further information about this property listing you can download the brochure or contact Jonathan Barker on 07432 534 668 or by emailing jonathan@barkerproperty.uk
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