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    Key features

    • To be offered on Tuesday 27 January
    • Freehold Shop Investment
    • Entirely let to Specsavers on a lease expiring 2030(1)
    • Tenant in occupation since at least 2007
    • Comprising a shop with ancillary upper parts
    • Arranged over 3,058 sq ft
    • Future development potential subject to all consents
    • Investment let at £13,500 p.a. (11.73% GIY on Guide Price)

    Description

    The property is arranged on ground and two upper floors to provide a ground floor shop with ancillary first floor and second (attic) floors.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor -217.00 sq m (2,336 sq ft)

    First Floor - 67.1 sq m (722 sq ft)

    Total - 284.1 sq m (3,058 sq ft)

    Tenancy

    Let to Specsavers on a renewed lease for a term of 5 years from May 2025 at £13,500 per annum.


    (1)The lease provides for a tenant break option at the 3rd anniversary.

    Planning

    Part of the property may lend itself to conversion subject to the occupational lease and necessary consents.

    All enquiries in this regard should be made with the local authority, East Riding Council

    Website: eastriding.gov.uk

    Rent

    £13,500 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Bridlington is a well established commercial centre and resort town located on the north-east coast, some 24 miles north of Kingston upon Hull and 40 miles east of York.

      The property is situated in the centre of Bridlington on the South side of King Street and opposite its junction with Rope Walk.

      Local occupiers include Superdrug, CEX, Ladbrokes and The Works amongst others

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums