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M & Co, Bridlington



Guide Price: £ 200,000
12/13 Prince Street, Bridlington, North Humberside, YO15 2NW

Basic Facts

Status: Type: Tenure: Freehold Area: 7610 sq ft
Gross Rent: £ 27,000 Gross Yield %: 13.5 Lease Term: 5 yrs from Dec' 17
Years left on Lease: 2.5 VAT applicable: Yes

Property Description

  • Freehold Blue-Chip Retail Investment with Asset Management Potential
  • The property comprises a four storey building with area of 7,610 sq ft.

Location Description

  • Bridlington is a well established commercial centre located on the north-east coast, some 24 miles north of Kingston upon Hull and 40 miles east of York.
  • The town benefits from an influx of tourists during the summer months.
  • The property is situated on the north side of Prince Street, between its junctions with Cross Street and Garrison Street, and close to Bridlington Harbour.
  • Occupiers close by include JD Weatherspoon, Shoe Zone and numerous coffee shops, public houses, restaurants and amusement arcades.

Tenancy & Additional Info

  • Entirely let to Mackays Stores Limited for 5 years from 12th Dec 2017 FR&I for £27,000 p.a.
  • The upper floors may have potential for residential use, subject to obtaining all the necessary consents. All enquiries should be made with East Riding of Yorkshire Council.  Website: www.eastriding.gov.uk.
  • Six Week Completion Available

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