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Express Interest in this Property

M & Co, Bridlington

29 Queen St, Bridlington YO15 2SN, UK

Basic Facts

Property ID: 12175 Post Updated: 2021-03-19 12:04:28
Status: Type:
Tenure: Freehold Area: 7610 sq ft
Gross Rent: £ 27,000 Gross Yield %: 12
Lease Term: 5 yrs from Dec' 17 Lease Term Expiry Date: 12/01/23
Years left on Lease: -1.2 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

Features

Blue-chip tenant
Finance available
Freehold
High Yield
Large plot
Reversionary Opportunity
Unconditional Site
Under £500k
Value-Add Potential

View on Map

Current Opportunities

Current Opportunity

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