This commercial property is strategically positioned in the bustling town center of Bridlington, providing not just a well-established retail space but also significant renovation and investment potential. Currently operating as a traditional butcher's shop, the premises benefits from a solid tenant in place, generating an annual rental income of £12,000. This setup ensures immediate cash flow while also offering stability within an evolving market.
The ground floor presents a well-maintained retail area, equipped to accommodate various business types, including retail and food services. Its prime location ensures high visibility and foot traffic, crucial factors for commercial success. Surrounding the property are numerous established independent businesses and national retailers, further enhancing its appeal as a prime business location.
Above the main retail space lies the first floor, which is currently utilized for storage purposes. However, this area holds substantial potential for redevelopment into a self-contained flat or additional commercial space—contingent on securing necessary planning approvals. Such a conversion could diversify income sources and significantly boost long-term returns on investment.
In summary, this property offers an attractive opportunity for investors looking to capitalize on existing rental income while also exploring options for future conversion and enhancement in a vibrant town center setting.
