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£290,000

Fort Terrace, Bridlington, YO15

  • 8 beds
Other

£290,000

  • 8 beds
Other
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Estimate monthly mortgage payment:

£1,324 per month

Minimum deposit amount:

£14,500
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This five storey building is for sale as a fully let investment and is currently arranged as a well established restaurant on the ground floor with four, two bedroom flats above. Situated within close proximity to Bridlingtons Foreshore beach and sea front amenities, the building is in good condition and has the benefit of UPVC double glazed windows. Currently generates a gross annual income of approximately ?26,000 per annum.

Ground floor

Let on a formal Landlord & Tenant Act lease with a current passing rent of ?7,200 per annum.

First Floor

Flat 1 - Two bedrooms

Second Floor

Flat 2 - Two bedrooms

Third Floor

Flat 3 - Two bedrooms

Fourth Floor

Flat 4 - Two bedrooms

Tenure

Freehold and to be sold subject to all the tenancies that are in place

Income

Ground Floor - ?7,200 paxFlat One - ?4,680 paxFlat Two - ?4,680 paxFlat Three - ?4,680 paxFlat Four - ?4,680 paxThe building currently offers a gross rental income of, ?25.920 per annum excluding rates and services

Viewings

Strictly by appointment via sole agents Colin Ellis Property Services on 01723 363565

To view all our current commercial listings please visit www.colinellis.co.uk

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Stamp Duty tax
These figures are estimates and are provided for guidance only
£0
Mortgage and legal costs:
£999
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Property details

£290,000

8 bed property for sale

Fort Terrace, Bridlington, YO15

This five storey building is for sale as a fully let investment and is currently arranged as a well established restaurant on the ground floor with four, two bedroom flats above. Situated within close proximity to Bridlingtons Foreshore beach and sea front amenities, the building is in good condition and has the benefit of UPVC double glazed windows. Currently generates a gross annual income of approximately ?26,000 per annum.

Ground floor

Let on a formal Landlord & Tenant Act lease with a current passing rent of ?7,200 per annum.

First Floor

Flat 1 - Two bedrooms

Second Floor

Flat 2 - Two bedrooms

Third Floor

Flat 3 - Two bedrooms

Fourth Floor

Flat 4 - Two bedrooms

Tenure

Freehold and to be sold subject to all the tenancies that are in place

Income

Ground Floor - ?7,200 paxFlat One - ?4,680 paxFlat Two - ?4,680 paxFlat Three - ?4,680 paxFlat Four - ?4,680 paxThe building currently offers a gross rental income of, ?25.920 per annum excluding rates and services

Viewings

Strictly by appointment via sole agents Colin Ellis Property Services on 01723 363565

To view all our current commercial listings please visit www.colinellis.co.uk