Description
INCOME PRODUCING INVESTMENT*** FULL BUILDING in EXCELLENT TRADING POSITION. Well Established tenant in occupation producing £20,000 per annum on a FRI Lease. Prominent position on a busy retail street
Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease expires 2037 (no breaks) Rent Reviews 2030 & 2035 Rent: £20,000 per annum
Comprises ground floor sales area with seating, WC facilities, a preparation area, and ancillary office and storage space. Total accommodation of approx. 209.03 sq m (2,250 sq ft)
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £20,000 PER ANNUM
The property is situated within the town's main shopping area, benefiting from its proximity to the Promenades Shopping Centre, which is approximately 60 metres away.
INCOME PRODUCING INVESTMENT*** FULL BUILDING in EXCELLENT TRADING POSITION. Well Established tenant in occupation producing £20,000 per annum on a FRI Lease. Prominent position on a busy retail street. Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease expires 2037 (no breaks) Rent Reviews 2030 & 2035 Rent: £20,000 per annum Comprises ground floor sales area with seating, WC facilities, a preparation area, and ancillary office and storage space. Total accommodation of approx. 209.03 sq m (2,250 sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £20,000 PER ANNUM The property is situated within the town's main shopping area, benefiting from its proximity to the Promenades Shopping Centre, which is approximately 60 metres away.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 11 Years
Rent: £20,000 per year / £1,667 per month
Yield: 7% (approx)
Tenant: Company
Notes: Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease expires 2037 (no breaks) Rent Reviews 2030 & 2035 Rent: £20,000 per annum
Maps & Location
Map Street View SatelliteThe property occupies a prominent position within Bridlington town centre, in an established retail and leisure location on the East Yorkshire coast. The surrounding area comprises a variety of national retailers, independent businesses, cafés, restaurants, takeaways and leisure facilities, creating an established commercial environment that attracts both local residents and visitors to the town. Nearby occupiers include Boots, Greggs and Peacocks, helping to reinforce the area's position as an established retail destination. Bridlington is a popular coastal resort and established market town, attracting significant numbers of visitors throughout the year, particularly during the summer holiday season. The town benefits from its attractive seafront, sandy beaches, harbour, traditional seaside attractions and leisure facilities, all of which contribute to its local economy and tourism appeal.
Document Downloads
Pricing Information & Bidding
Opening Bid: £275,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 19-21 Promenade, Bridlington, North Humberside