Residential development

The property comprises a mixed retail and residential building arranged over three floors with additional loft space and windows for potential further development (example shown on plans) that provides an excellent redevelopment or investment opportunity.  This sizable property provides three ground-floor retail units and two upper floors that have planning consent to renovate and restore to four self-contained apartments (two 2-bedroom and two 1-bedroom).  The upper floors have been mainly stripped out ready for conversion work to commence.  Plans have also been approved for the creation of two additional flats to the rear of the ground floor by reducing the size of two of the commercial units.

Location

The property is located on Bridge Street in Bridlington town centre, within close proximity to the harbour. Bridge Street itself forms part of the A1038 which is one of two primary roads running through the town centre. The A1038 leads onto the A165 (the property is within a half mile of this junction). The A165 is the primary A road that links Bridlington to the rest of the North East, with Scarborough located approximately 14 miles to the north, and Hull being approximately 25 miles to the south.

No. 14 Bridge Street, Shop unit.

Previously let to William Hill as a betting office, this large unit offers a good frontage onto Bridge Street.

Retail1,136 sq ft105.5 sq mKitchen & Stores90 sq ft8.38 sq mStaff and public toilets133 sq ft12.41 sq mRateable Value

£9,100

No. 16 Bridge Street, Shop unit.

The property comprises a ground-floor shop with the following approximate areas (internal walls have now all been removed but previously comprised):- 

Retail600 sq ft55.7 sq mStore213 sq ft19.8 sq mKitchen 30 sq ft2.8 sq mRateable Value

£5,100

No. 18 Bridge Street. - Ground and upper floors.

The accommodation is over three floors and would suit a variety of uses subject to planning. The property as the following approximate areas:-
Ground Floor Shop
103 sq ft     9.57 sq m

First Floor

Variety of rooms
1,046 sq ft    97.18 sq m
Toilet

Second Floor

Former Flat comprising four rooms, kitchen and bathroom

Rateable Value

£4,700 including upper floors that have previously been used for retail, offices and storage.

Planning Consents

Planning consent has been approved under several applications as detailed below.  Copies of the notice of decision and plans can be obtained from the East Riding of Yorkshire Council public access planning portal using the references below.  N.B. Application No. 22/03240/ERNOT states that it is REFUSED because planning consent was not required due to it already having residential use for four flats, evidenced by way of council tax. Written confirmation from the council confirming this can be made available upon request.

23/00231/PLF
23/00766/ERNOT
22/03240/ERNOT

Tenure

Freehold with vacant possession on completion.

Services 

Purchasers should make their own inquiries as to the availability of services.

Viewings

Viewings may be limited and are subject to approval by the tenants.  All viewings are strictly by appointment with the auctioneers on[use Contact Agent Button]

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12pm on Monday 20th November at closing on Wednesday 22nd November 2023 at 3pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer's offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Guide Price

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees:

The purchaser will be required to pay an administration charge of 0.3% of the purchase price subject to a minimum of £1,200 (£1,00 plus VAT) and a buyer's premium of £1,200 (£1,000 plus VAT) in addition to the purchase price of the property.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

ONLINE BIDDING

If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process:

youtube.com/watch?v=ImXr4HXR36c