Freehold: Subject to existing lease agreement.
The property comprises a prominent period corner building comprising a ground floor banking hall with basement storage accommodation. The entrance via King Street provides self-contained office accommodation arranged on ground, first and second floors. The property contains an internal courtyard area to the rear.
Income: The premises are currently achieving a rack rent of £43,544.51 PA until the 4th of June 2022 , N.B HSBC , HAVE NOT exercised their option to quit.
No vat upon purchase.
A Freehold Bank Investment
• Entirely let to HSBC Bank Plc until 2023 (no breaks)
• Popular tourist destination
• Annual Rent Reviews linked to RPI rising to a minimum of £43,544.51 pa in
• Nearby occupiers include Holland & Barrett, Sports Direct, Superdrug and
• VAT-free Investment.
Bridlington is a popular tourist destination situated on the north-east coast of Humberside. The property occupies a prominent corner position on the pedestrianised King Street, at its junction with Manor Street and Chapel Street.
The Promenades Shopping Centre is located within close proximity, housing occupiers including Halifax, NatWest, Holland & Barrett, Peacocks and Sports Direct. Other nearby occupiers include Superdrug, Iceland and CEX
This property will be presented for sale within our online livestreamed property auction on the 16th September 2021 at 6pm
Applies on the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, In addition a buyer’s premium of 2% of the sale price, Subject to a minimum of £3000 + VAT upon the exchange of contract.