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113-117 Promenade
560 SF Retail Unit Offered at £145,000 in Bridlington YO15 2QJ
INVESTMENT HIGHLIGHTS
- Mixed-use investment opportunity
- Situated in highly prominent position
- Within close proximity to Bridlington North Beach
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | £145,000 | Sale Type | Investment |
| Unit Size | 560 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 3 |
| Total Building Size | 3,336 SF | Typical Floor Size | 1,790 SF |
| Property Type | Retail (Unit) | Year Built | 1878 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.08 AC |
| Price | £145,000 |
| Unit Size | 560 SF |
| No. Units | 1 |
| Total Building Size | 3,336 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 1,790 SF |
| Year Built | 1878 |
| Lot Size | 0.08 AC |
1 UNIT AVAILABLE
Unit 155
| Unit Size | 560 SF | Sale Type | Investment |
| Price | £145,000 | Tenure | Freehold |
| Price Per SF | £258.93 | Net Initial Yield | 8.30% |
| Unit Use | Retail | NOI | £12,035 |
| Unit Size | 560 SF |
| Price | £145,000 |
| Price Per SF | £258.93 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.30% |
| NOI | £12,035 |
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 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.
SALE NOTES
The property is located within the coastal town of Bridlington and within walking distance of Bridlington North Beach. The property is available subject to the existing tenancies at a guide price of £155,00.
AMENITIES
- Storage Space
NEARBY MAJOR RETAILERS
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113-117 Promenade
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