2 bedroom maisonette

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £165,000

The Property Shop Yorkshire is delighted to bring to the market this fantastic Freehold End-Terraced property, which includes a spacious 2 Bedroom Maisonette and a Ground-Floor Retail Unit. Located on Chapel Street in the heart of Bridlington, this property presents an excellent opportunity for both investors and business owners.

The ground floor consists of a generous commercial space of approximately 1,700 sq. ft., previously used as a bakery and, before that, a butcher’s shop. With its high street frontage and prime retail location, this unit could be suitable for a variety of businesses, subject to the necessary permissions being granted.

The residential accommodation is accessed separately and comprises a spacious two-bedroom maisonette situated above the shop. This setup offers a fantastic opportunity for an owner-occupier or could serve as a rental investment, providing an additional income stream.

To the rear of the property, there is potential for off-street parking, which is a valuable asset in this central location.

The property benefits from a high footfall location in Bridlington’s town centre, positioned next to well-known retailers such as Peacocks, New Look, and the Promenade Indoor Shopping Centre. It is also directly opposite Boyes department store, further enhancing its visibility and potential customer base.

While the property does require some upgrading and modernisation, it offers significant potential for a variety of uses. Whether you are looking to establish a new business, expand an existing one, or invest in a rental property, this building presents an exciting opportunity.

Front Exterior - The front of the property features a prominent shopfront with a large display window, providing excellent visibility and natural light. This expansive window not only enhances the property's curb appeal but also offers an ideal space for showcasing products or promotional displays. The entrance is conveniently positioned to ensure easy access for customers, creating an inviting and professional appearance. Whether used for retail, an office, or another commercial purpose, the shopfront’s layout maximizes exposure and foot traffic potential. Additionally, there is a separate doorway leading to the flat above, ensuring privacy and independent access for its occupants. Whether used for retail, office space, or another commercial purpose, the shopfront’s layout maximizes exposure and foot traffic potential.

Ground Floor Shop - The ground floor boasts a spacious commercial area of approximately 1,700 sq. ft., offering a versatile layout suitable for various business ventures. Previously operating as a bakery and, before that, a butcher’s shop, the space has a rich history of successful trade. Its generous size provides ample room for retail displays, customer service areas, and back-of-house operations. With its adaptable layout, the premises could easily accommodate a range of businesses, from food establishments to retail stores or professional services. The property's prominent frontage and well-proportioned interior make it an attractive opportunity for entrepreneurs seeking a prime commercial location.

2 Bed Maisonette - The flat is spread across two floors, offering a well-proportioned living space that includes a kitchen, lounge, bathroom, seperate WC and two bedrooms.

While the property provides a solid foundation for comfortable living, it does require some refurbishment and updating to reach its full potential. With the right improvements, it could be transformed into a stylish and modern home. The layout offers flexibility, making it suitable for various living arrangements, whether for personal use or as a rental investment. This is a great opportunity for buyers looking to add value and put their own stamp on a property.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The
Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with
the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’, and is accompanied
by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will
typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

A Legal Pack associated with this particular property is available to view upon request and contains
details relevant to the legal documentation enabling all interested parties to make an informed
decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’
commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding
with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts
the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the
purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also
required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed
purchase price and consideration should be made by the purchaser in relation to any Stamp Duty
Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.