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Guide price
£145,000

5 bedroom block of apartments for sale

Promenade, Bridlington
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Block of apartments
5 beds
2 baths
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Key information

TenureFreehold
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Features and description

A great opportunity to acquire a mixed use FREEHOLD INVESTMENT in Bridlington town centre. It is currently arranged as a tenanted hair salon on the ground floor with the upper floors arranged as two self contained flats that offer 2 bedroom and 3 bedroom accommodation. The building currently generates a gross rental income of approximately £14,980 per annum and is to be sold with the tenancies in place.

Location - The building is situated on the Promenade in Bridlington town centre and is conveniently positioned adjacent to a pay and display car park.

Ground Floor - A well established hair salon with the tenant subject to a formal Landlord & Tenant Act lease.

First Floor - A good sized two bedroom flat in good order

Second Floor - A three bedroom maisonette

Rental Income - Ground floor = £5,100 pax
First floor = £4,680 pax
Second floor = £5,200 pax

Generating a gross rental income of, £14,980 per annum when fully let.

Tenure - Freehold but subject to the tenancies that are in place

Viewing - Strictly by prior appointment with sole agents, Colin Ellis Property Services on[use Contact Agent Button]

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About this agent

Colin Ellis Estate Agents - Scarborough, Sales
Colin Ellis Estate Agents - Scarborough, Sales
49 Aberdeen Walk Scarborough YO11 1BD
01723 266928
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Colin Ellis Property Services was established back in 1991, and we have evolved and positioned ourselves as the premier Estate Agent on the East Coast of Yorkshire. With over 100 years combined experience from the partners and staff, and having traded through most market conditions, we are experts in the property market and can provide buyers and sellers with sound independent advice and support. We are committed to offering the most comprehensive service and boast a number of departments to complement our Residential Sales, including a Commercial Department and Land & New Homes. We are also General Practice Chartered Surveyors and are retained by a number of major banks, institutions, private individuals and companies who rely on our qualified expertise in property related matters ranging from Market Valuation Reports, HomeBuyer Surveys, Rent Reviews and Schedule of Conditions.
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