FOR SALE by ONLINE AUCTION on WEDNESDAY, 22nd MAY 2024, at 1:00 pm - GUIDE PRICE £25,000 A ground floor lock-up shop unit producing an income of £4,800pa.

An excellent commercial investment opportunity comprising of a ground floor lock-up shop unit that is currently let to a Hairdresser on a full repairing lease of seven years from the 1st January 2019 at a rent of £400 per calendar month (£4,800pa). The property briefly comprises a Salon area, Wash Room, Staff Room, Outside WC, Outside Utility.

Tenure

Freehold

Location

Located in a popular residential area on the North side of Bridlington and forms part of a parade of shops which include sub-post office, a famous 149 fish shop, a chemist and this hair salon. Bridlington is a popular East Yorkshire Coast resort centred around its historic harbour and wonderful bay with over three miles of beaches. The town has attracted seasonal visitors for many decades. The town centre has grown to include many national shopping names and the Old Town is a historic focal point bounded by the Bayle and Priory Church with its four prominent spires. The town is handy for commuting to Hull, York, Beverley and Scarborough.

Tenure

Freehold. Sold subject to the existing tenancy.

Tenancy

The property is let on a full repairing lease for a term of seven years from the 1st January 2019 at a rent of £400 per calendar month (£4,800pa). AA copy of the tenancy agreement will be included in the legal pack.

Viewing

External viewing only due to the tenancy.

Business Rates

The property has a current rateable value of £4,350. The rates are payable by the tenant.

Services

Mains water, electricity and drainage a believed to be connected to the property.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 20th May 2024 and closing on Wednesday 22nd May at 1.00pm. For further legal information relating to this lot please go to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire, before the date of the auction.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time before the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Legal Pack

A legal pack has been requested from the vendors solicitor and will be made available online as soon as it is received. You can register to receive an email notification when the pack is available by going to auctionhouse.co.uk/hullandeastyorkshire and clicking on the property you are interested in. On the property detail page you will see a red ‘LEGAL PACK’ button which you should click on and it will take you to the registration page.

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Solicitors

Pinkney Grunwells, 8-10 Quay Road, Bridlington, East Yorkshire, YO15 2AP, Ref: Philip Taylor, Tel: 01262 673445

Offered in association with

Dee Atkinson and Harrison

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including VAT and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.