29 King Street, Bridlington, East Riding of Yorkshire YO15 2DN
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 22 Click here for addendum 6 Week completion SITUATION Occupying a prominent town centre location in the pedestrainsed King Street, adjacent to CEX, opposite Superdrug and amongst such other multiple retailers including The Works, Costa, Ladbrokes, Boyes, NatWest, Thomson and HSBC. The seaside resort town of Bridlington is located approx. 24 miles north of Hull and 14 miles south of Scarborough. PROPERTY A mid terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first and second floors. ACCOMMODATION Ground Floor Shop Gross Frontage 16'3" Internal Width 12'1" widening to 16'1" (max) Shop & Built Depth 55'0" Sales Area Approx. 734 sq ft First Floor Ancillary Area Approx. 156 sq ft plus WCs Second Floor Ancillary Area Approx. 132 sq ft VAT is applicable to this Lot FREEHOLD TENANCY The entire property is let on a full repairing and insuring lease to Specsavers Optical Superstores Limited (T/O for Y/E 29/02/16 £673.6m, Pre-Tax Profit £28.8m and Shareholders' Funds £57.8m) for a term of 15 years from 1st February 2007 at a current rent of £20,000 per annum exclusive. Rent Review February 2017 (Outstanding)
