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
    23/Sep/2020
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 22 & 24 King Street<br>Bridlington<br>North Yorkshire<br>YO15 2DQ
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  • Photos
  • Map

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

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    09.09.20
    File Size
    12 MB
    Login to View
  • 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
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Pinkney Grunwells 64 Westborough
Scarborough
YO11 1TS
Zoe Colling 01723 352125zoe.colling@pinkneygrunwells.co.uk

Useful Links

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