Retail Investment, 2–8 Promenade, 15–17 Promenade & 33-37 Promenade, Bridlington, East Riding Of Yorkshire, YO15 2PX
For Sale £1,250,000 (Offers in Excess of)
- Size: 0 sq.ft. / 0 sq.ft.
- Property Ref: 12811
- Type: RETAIL
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.
Property 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%.
