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For Sale Commercial 

1 King Street, Bridlington , Yorkshire , YO15 2DL By auction £400,000

Property Features

Location:
King Street, Bridlington, East Yorkshire, YO15 2DL

Contact Agent

The Kiln Second Floor, Waterside Mather Road
The Kiln Second Floor, Waterside Mather Road
Newark-On-Trent
Nottinghamshire
NG24 1FB
Tel: 01636 558200
info@nalcgroup.co.uk

About the Property

Freehold: Subject to existing lease agreement.

Description:
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
June 2022
• Nearby occupiers include Holland & Barrett, Sports Direct, Superdrug and
Iceland
• VAT-free Investment.

Location:
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

https://www.easyliveauction.com/catalogue/lot/b6d57b2ab45e8443274075d29cb30c7a/0af8d24542e81eb9357e7ef448a6646f/welcome-to-nalcs-national-corporate-land-auction-comi-lot-17/

Buyer’s Premium:
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.

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    Enquire / Book Viewing

    Contacting The Kiln Second Floor, Waterside Mather Road
    The Kiln Second Floor, Waterside Mather Road
    Newark-On-Trent
    Nottinghamshire
    NG24 1FB
    Tel: 01636 558200
    info@nalcgroup.co.uk
    • arrange a viewing
    • arrange a valuation
    • be sent further property details
    • register for property updates

    Contact Details: