22 & 24 King Street Bridlington North Yorkshire YO15 2DQ

22 & 24 King Street
Bridlington
North Yorkshire
YO15 2DQ

Substantial Freehold Retail Investment

  • Let to Superdrug Stores Plc
  • Renewed lease from March 2017
  • Large, double fronted shop on pedestrianised street
  • Store includes pharmacy
  • Lot
    38
  • Auction
    23rd September 2020
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Substantial Freehold Retail Investment

  • Let to Superdrug Stores Plc
  • Renewed lease from March 2017
  • Large, double fronted shop on pedestrianised street
  • Store includes pharmacy
  • Lot 38
  • Auction 23rd September 2020
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
24 miles north of Hull
40 miles north-east of York
Roads
A165, A614, M62
Rail
Bridlington
Air
Humberside Airport
Situation

Bridlington is an important commercial centre on the north-east coast, approximately 24 miles north of Hull and 40 miles north-east of York. Road communications are provided by the A165 and A164 which links to the M62, 40 miles to the south-west. The property is situated on the south side of the pedestrianised King Street, with access for deliveries from Queen Street at the rear, and is a short walk to Bridlington Harbour. Nearby retailers include Costa Cofee, The Works and various national banks.

Tenure

Freehold.

Location
Miles
24 miles north of Hull
40 miles north-east of York
Roads
A165, A614, M62
Rail
Bridlington
Air
Humberside Airport
Situation

Bridlington is an important commercial centre on the north-east coast, approximately 24 miles north of Hull and 40 miles north-east of York. Road communications are provided by the A165 and A164 which links to the M62, 40 miles to the south-west. The property is situated on the south side of the pedestrianised King Street, with access for deliveries from Queen Street at the rear, and is a short walk to Bridlington Harbour. Nearby retailers include Costa Cofee, The Works and various national banks.

Tenure

Freehold.

Description

The property comprises a three storey building, arranged as a large, double fronted shop facing King Street on ground floor with ancillary accommodation on first and second floors. The property benefits from rear loading access from Queen Street.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Description

The property comprises a three storey building, arranged as a large, double fronted shop facing King Street on ground floor with ancillary accommodation on first and second floors. The property benefits from rear loading access from Queen Street.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
303.10 sq m
276.20 sq m
163.00 sq m
(3,263 sq ft)
(2,973 sq ft)
(1,755 sq ft))
SUPERDRUG
STORES PLC (1)
5 years from 14/03/2017
on a full repairing and
insuring lease
£40,000
Total
742.30 sq m
(7,991 sq ft)
    £40,000

(1) For the year ending 29th December 2018, Superdrug Stores Plc reported a turnover of 1,283,161,000, pre-tax profits of 88,339,000 and shareholders funds of 319,052,000 (source: SmartSearch 22/07/2020).

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    585 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    922 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Pinkney Grunwells 64 Westborough
Scarborough
YO11 1TS
Zoe Colling 01723 352125zoe.colling@pinkneygrunwells.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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