20 Chapel Street, Bridlington | Property for sale | Savills
Guide price £65,000(RM387,633)

20 Chapel StreetBridlington

  • New
  • Sole agency
  • Leasehold
Investment

Key features

  • High Yielding Retail Investment Opportunity
  • Let on a Lease Expiring 23/05/2029
  • Producing £11,500 per annum
  • 903 sq ft (83.9 sq m)
  • Asset Management Potential
  • Development Potential (stp)
  • Prominent Position Opposite Shopping Centre
  • Guide Price Reflects 17.7% Gross Yield

High Yielding Retail Investment Opportunity Occupying a Prominent Corner Pitch. Retail Unit and Upper Parts Let on Lease Expiring 23/5/29 and Paying £11,500 p/a

About this property

  • The property comprises a high yielding retail investment opportunity occupying a prominent frontage on a popular retail street. Arranged across ground and first floors and providing a total 903 sq ft (83.9 sq m) of accommodation, the property is fully let to a private individual trading as Four Seasons Greengrocer on a lease expiring 23/05/2029 and paying £11,500 per annum. There may be potential to obtain vacant possession of the upper parts and convert to alternative uses, including residential (subject to obtaining the requisite consents). Chapel Street comprises one of the principal retail streets in Bridlington. The property sits in the centre of the street and opposite the Promenade Shopping Centre.

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