This substantial detached property comprises a block of four flats, all currently occupied, making it an appealing investment opportunity. The layout includes three one-bedroom units and one two-bedroom unit, each self-contained and let under Assured Shorthold Tenancies. The current rental income is approximately £17,160 per annum, with monthly rents of £346.07 for three of the flats and £411.67 for the larger unit.
Located on the northern side of Bridlington, this property benefits from proximity to the town center and the scenic North Beach. Residents have easy access to the Leisure World Complex, as well as various shops, restaurants, and cafes in the area, enhancing its attractiveness to potential tenants.
In addition to the living spaces, there is a substantial two-storey workshop located at the rear of the property, equipped with three-phase electricity and a toilet facility. This versatile space presents opportunities for renovation or redevelopment, subject to receiving appropriate planning permissions.
With its current rental yield and potential for further development or enhancement of the existing units, this property represents a unique chance to invest in a growing area that offers both immediate returns and long-term value.
