Auction House London

Lot 177

Retail Property (high street) - Commercial Property 

2-3 Prince Street Bridlington YO15 2NW &

6 Cliff Street, Bridlington, North Humberside, YO15 2NH

£200,000+

Guide Price (plus fees)

A Substantial Freehold Mid Terrace Building Comprising Three Retail Units with Upper Parts (Sold-Off on a Long Lease). Two of the Shops are Let Producing £27,750 Per Annum. One Shop is Vacant (Rateable Value of £7,700). ERV when all Units are Let Circa £35,000 Per Annum.

Description

The property comprises three retail units with upper parts sold-off on long leases arranged over ground and four upper floors. One of the shops front Cliff Street, two of the shops front Prince Street.

Location

The properties are situated on a busy retail parade. Nearby multiples include The Three Store and Boots. The open spaces of Bridlington Harbour are within easy reach. Transport links are provided by Bempton rail station.

Note

The property has not been inspected by Auction House London. All information including internal photos has been supplied by the vendor.

Accommodation

Property Accommodation Tenancy Details Current Rent
Upper Parts Flats (Not Inspected) Sold Off on Long Leases
3 Prince Street Shop 55.09 sq m (593 sq ft) Let to Individual t/a Premier Convenience Stores on a lease from 10.7.18 to 24.3.33 £10,000 pa (2023 rent review outstanding)
6 Cliff Street Shop 109.8 sq m (1,182 sq ft) Let to William Hill on a 10 year lease from 4.6.18 to 3.4.28 £17,750 pa (2023 rent review outstanding)
2 Prince Street Shop 125.3 sq m (1,349 sq ft) Vacant ERV Circa £7,700

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For all enquiries, please contact Georgia at georgia@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 2-3 Prince Street Bridlington YO15 2NW &, 6 Cliff Street, Bridlington, North Humberside, YO15 2NH

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