The property is located in the popular seaside town of Withernsea situated approximately 18 miles east of Hull. The property is situated along Queen Street in close proximity to the Aldi supermarket within the centre of Withernsea and is within walking distance of all local amenities including Withernsea Central Promenade beach front.
The property comprises of a ground floor retail unit currently used by a local charity shop and is let on a five year term from and including 1st April 2020 at a rent of £9,000 per annum exclusive. The first floor comprises of a large 3-bed self contained flat which has previously been rented at approximately £500 per calendar month with potential to see an increase in this monthly figure once let. The upper flat is currently vacant having recently been used as a second home by the vendor and will be sold with the benefit of vacant possession. The total income once fully let is estimated to be £16,750 - £18,000 per annum.
The freehold interest is available subject to the existing tenancy with offers in the region of £175,000. Viewings strictly by appointment through us as sole selling agents.
For further information about this property listing you can download the brochure or contact Jonathan Barker on 07432 534 668 or by emailing jonathan@barkerproperty.uk
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