Fort Terrace, Bridlington Guide price £290,000

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 pax
Flat One - £4,680 pax
Flat Two - £4,680 pax
Flat Three - £4,680 pax
Flat Four - £4,680 pax

The 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