Quay Road, Bridlington, East Yorkshire, YO16

Excellent mixed-use investment opportunity producing an immediate gross yield of 7.9% (based on £110,000) or 8.3% (based on £105,000), increasing to 10.9% and 11.4% respectively from year two. Offering further scope to enhance returns, this is an ideal purchase for investors seeking strong income and long-term growth potential.

A fantastic opportunity to acquire a three-storey mixed-use investment property offering immediate rental income together with excellent potential to enhance returns over time.

The ground floor comprises a lock-up retail unit with kitchenette and WC facilities to the rear. The premises are let on a new five-year lease commencing in 2026, producing £275 per calendar month during the first year, increasing to £550 per calendar month from year two, providing a built-in uplift in income.

The upper floors comprise a self-contained three-bedroom maisonette accessed via a side passage and rear entrance. Benefitting from uPVC double glazing and electric heating, the accommodation includes a living room, kitchen, three bedrooms and bathroom/WC. The property is occupied by a long-standing tenant of over five years currently paying £450 per calendar month.

The residential rent is considered below current market levels for comparable three-bedroom accommodation in the area, presenting an opportunity to increase income over time, subject to the relevant legislation and agreement with the tenant.

Investment Analysis

Based on a purchase price of £110,000:

Current gross annual income: £8,700 (Gross Yield: 7.9%)
From year two, annual income increases to approximately £12,000 (Gross Yield: 10.9%)
Should the residential rent be increased towards current market levels (circa £750 PCM), the annual income could rise to approximately £15,600, representing a potential gross yield of 14.2%.

Based on a purchase price of £105,000:

Current gross annual income: £8,700 (Gross Yield: 8.3%)
From year two, annual income increases to approximately £12,000 (Gross Yield: 11.4%)
With the residential rent increased to market levels, the annual income could reach approximately £15,600, equating to a potential gross yield of 14.9%.

Over the initial five-year lease term, the property is projected to generate in excess of £56,000 in gross rental income based on the current residential rent, returning more than 50% of the purchase price through rental income alone. Should the residential rent be reviewed towards prevailing market levels over time, the overall return would be significantly enhanced.

Importantly, these figures are based solely on rental income and do not take into account any future capital appreciation, offering the prospect of an even stronger overall return on investment over the longer term.

Rateable Value (Ground Floor): £4,200 per annum.
Council Tax Band: A.

Please Note: Photographs were taken whilst occupied by the previous commercial tenant. Updated photographs of both the retail unit and residential accommodation will be available shortly.

INVESTMENT OPPORTUNITY.................
This three storey mid terraced property has been converted to create a GROUND FLOOR LOCK UP SHOP with Kitchenette and WC to the rear. A side passage leads to the Rear Yard with access to a self contained maisonette with electric heating and UPVc Double Glazing, which briefly consists of Living Room, Kitchen, 3 Bedrooms and Bathroom / WC.
The shop is leased at £220 per calendar month, exclusive, and the flat is let at £350 per calendar month and the sale is subject to the lease and tenancy.