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Block of Apartments for sale

Gladstone Terrace, Bridlington, East Yorkshire, YO15

Sold STC £165,000

Property Description

Key features

  • Substantial block of 5 flats
  • adjacent sea front
  • excellent sea views
  • 3 flats currently let on a.s. tenancies
  • 2 currently vacant
  • potential gross income approx. 19,000 pa
  • EPC: E, E, D, tbc, D

Full description

A SUBSTANTIAL FIVE STOREY BLOCK OF FLATS IN A GOOD LOCATION ADJACENT TO THE SEA FRONT.

A substantial block of flats that have been used for several years as permanent lets, providing a self contained apartment on each of the 5 floors. At the current time (October 2016) the property is to be sold subject to 3 existing, shorthold ,assured tenancies with the remaining 2 flats currently vacant. The current gross income from the 3 tenanted flats is £945 pcm .The property has potential to produce in excess of £19,000 p.a. When fully let.

Basement Flat:: - A semi basement ,self contained flat of :
Lounge:(5.31m. X 4.03m)
Separate fitted kitchen:(7.38m. X 1.58m.),
shower room, w.c(3.09m x 1.12m.).
1-double bedroom,(4.52m. X 2.18m.
( Under stair store area, electric heating, some upvc double glazing access to small private rear yard area.
currently let at £310 pcm.

Ground Floor: Flat Two: - A self contained upper ground floor apartment comprising of:
Lounge (5.28m inc bay x 4.06m.)
Separate kitchen,(3.01m. X 1.57m.)
Bathroom,(2.30m. X 1.28m)
1-double bedroom(.4.53m. X 2.08m)
This flat has electric heating, deep bay window with adjacent sea view.
currently vacant.

First Floor: Flat Three: - A self contained flat comprising of:
Front lounge with sea views,(4.44m. +bay x 2.93m.)
Separate kitchen (4.45m. X 2.17m.)
1-bedroom,(4.55m. X 2.19m.)
Bathroom,(2.67m. X 1.15m.)
Electric heating.
This flat is currently let at : £295 pcm.

Second Floor: Flat Four: - A self contained flat comprising:
Lounge with good sea views(,4.42m +bay x 2.94m)
Kitchen,(4.45m. X 2.13m.)
One bedroom (4.55m. X 2.90m.)
With en suite shower and w.c.(2.53m. X 1.10m)
The flat has gas fired central heating.
This flat is currently let at £340 pcm

Third Floor: Flat Five: - A top floor flat comprising of:
Lounge with excellent sea views,(4.59m. X 3.11m.)
Separate kitchen 4.62m. X 2.02m.)
one double bedroom (4.56m. 3.46m.)
landing area to bathroom, w.c. (1.58m. X 1.38m.)
.
This flat is currently vacant.

Notes: - Some of the windows are upvc others are timber fames, some are single glazed.
The property is currently managed by a local letting agency.

General Notes: - All measurements are approximate and are not intended for carpet dimensions etc. Nicholas Belt (Estate Agency) Ltd have not tested any gas or electrical heating systems, individual heaters, appliances, showers, glazed units, alarms etc. Therefore purchasers should satisfy themselves that any such item is in working order by means of a survey, inspection etc before entering into any legal commitment. PURCHASE PROCEDURE: If after viewing the above property you wish to purchase please contact our office where the staff will be pleased to answer any queries and record your interest. This should be done before contacting any Building Society, Bank, Solicitor or Surveyor. Any delay may result in the property being sold to another interested party and valuation fees and legal expenses are then incurred unnecessarily.

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Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
19 October 2016

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