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Retail Investment, 2–8 Promenade, 15–17 Promenade & 33-37 Promenade, Bridlington, East Riding Of Yorkshire, YO15 2PX

Offers Over
£1,250,000

Business rates & charges may apply

Garness Jones Commercial, Hull
SIZE

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SECTOR

Shop for sale

Key features

  • Prime coastal town centre location with strong seasonal tourism activity.
  • Established retail scheme serving both local residents and visitors.
  • Diverse tenant mix including national, regional & local retailers.
  • High footfall location due to proximity to the seafront and main shopping streets.
  • Secure income with a passing rent of £122,235 per annum.
  • Potential asset management opportunities to enhance value.
  • Provides a NIY of 9.25% after PC of 5.66%.

Description

The portfolio comprises three parades of retail units located along Promenade in the centre of Bridlington.

2-8 Promenade Y015 2PX is situated on the eastern side of the street and comprises a traditional brick-built parade of retail properties. Each unit features a traditional shopfront with ground floor retail accommodation and ancillary storage space at first floor level. The units benefit from a rear surface yard providing servicing and storage access. Current occupiers within this parade include Ramsdens Financial, Max Spielmann, a mixed martial arts gym, vape retailers and a One Stop convenience store.

15-17 Promenade Y015 2PY comprises two retail units with traditional shopfronts at ground floor level and ancillary storage accommodation at first floor level. The units are currently occupied by a barbers and a pet shop. To the rear is a private alleyway which provides access through to the popular The Dog House drinking establishment, a well-known venue that attracts both local residents and tourists visiting the town.

33-37 Promenade YO15 2PY comprises three self-contained retail units with ground floor sales areas and ancillary first floor storage accommodation, together with a rear surface yard. Current occupiers include a mobility scooter retailer, the Age UK charity shop and a barbers.

Brochures

Retail Investment, 2–8 Promenade, 15–17 Promenade & 33-37 Promenade, Bridlington, East Riding Of Yorkshire, YO15 2PX

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bridlington Station0.4 miles
  • Bempton Station3.2 miles

About Garness Jones Commercial, Hull

Nelson Street, Hull, HU1 1XE

Notes

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