The property is located in the popular seaside town of Withernsea situated approximately 18 miles east of Hull. The property is situated along Seaside Road near to Queen Street and in close proximity to the Aldi supermarket within the centre of Withernsea. The property is within walking distance of all local amenities including Withernsea Central Promenade beach front.
The property comprises of a ground floor retail/office unit with rear kitchen and W/c facilities in situ. The upper floors comprise of a self- contained 1-bed flat over two floors with the potential for future reconfiguration into a 2-bed flat.
The property is let entirely on commercial lease terms from and including 14th March 2025 at a current rent passing of £13,200 per annum exclusive. The rent has recently been increased from £10,800 per annum with the current tenant being in occupation since April 2023.
The freehold interest subject to the existing tenancies is available at a guide price of £105,000. A purchase at this level presents a NIY of 12.11% assuming acquisition costs of 3.8%.
Viewings strictly by appointment through us as sole 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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