Great investment opportuniy, detached building comprising 2 retail premises plus a 3 bedroom maisonette - all currently tenanted / leased located on the north side of Bridlington.
This property has undergone a range of refurbishment by the current freeholder, consists of a mid-terrace three story building which has been converted to create 2 shops and a fantastic maisonette flat. Occupying a prime position on a well-used road and opposite a Tesco Express store, the location is key to servicing a local community. All units are currently tenanted and would be subject to existing leases with tenants in situ. Store 1 - 3 Year lease which commenced on 16/7/23 and is currently paying £5,400 per annum (£450 per month). Store 2 - 3 Year lease which commence on 1/10/23 and is currently paying £5,400 per annum (£450 per month) 3 Bed Flat - 6 month Assured Short Hold Tenancy which commended on 12/12/23 and is currently paying £900 per Calander month. The Maisonette flat is split across 3 levels - there is an entrance hallway with storage on the lower level, upstairs there is a breakfast kitchen fully fitted out with all you would expect, a large living room which also offers an area which could be utilised as a dining area or perhaps office space, the first bedroom is also on this level along with a WC, on the second floor there are 2 double bedrooms and a full bathroom. To discuss or arrange a viewing get in touch with Harris Shields Collection Bridlington.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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