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12 Prospect St 5,098 SF 100% Leased Retail Building Bridlington YO15 2AL $782,105 CAD ($153.41 CAD/SF)
INVESTMENT HIGHLIGHTS
- Investment Opportunity.
- Subject To Existing Tenancies.
- First Floor Office Suite.
- Town Centre Freehold.
- 2 Ground Floor Shops.
- 3 Self Contained Flats.
EXECUTIVE SUMMARY
This impressive four-storey, double-fronted property is located in a prime position in Bridlington town centre. The building has been converted to provide two ground-floor commercial units, currently let on leases at £8,950 and £10,200 per annum. The first floor comprises a suite of offices, previously used as a dental surgery, which is currently vacant. Separate access leads to three self-contained flats, also vacant, which were previously achieving £4,800 per annum each.
Based on previous tenancies and leases, the property offers a gross potential annual income of approximately £37,000. Situated close to major amenities and a public car park, this is a valuable freehold investment opportunity in a highly sought-after location.
Based on previous tenancies and leases, the property offers a gross potential annual income of approximately £37,000. Situated close to major amenities and a public car park, this is a valuable freehold investment opportunity in a highly sought-after location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
5,098 SF
Building Class
C
Year Built
1910
Price
$782,105 CAD
Price Per SF
$153.41 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.99
Lot Size
0.06 AC
Frontage
15’ on Prospect Street
AMENITIES
- Energy Performance Rating - C
- Storage Space
1 1
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12 Prospect St
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