King Street, Bridlington, East Riding of Yorkshire, YO15

An exceptional opportunity to acquire a prime town centre freehold property, currently let to a national retailer at £22,000 p.a., with a new 8–10 year lease in negotiation for the ground floor only. The upper floors offer excellent redevelopment potential for offices or 1–3 residential flats, subject to planning. Dual frontage, strong location, and serious scope for value uplift.

PRIME RETAIL FREEHOLD – INVESTMENT & REDEVELOPMENT OPPORTUNITY

Occupying one of the most prominent town centre positions in Bridlington, this substantial three-storey mid-terrace commercial building enjoys dual frontage to both Chapel Street (opposite the Promenades Shopping Centre) and King Street (where the busy market is held twice weekly). The surrounding area is a well-established retail and commercial hub, with strong footfall and neighbouring occupiers including national retailers, banks, and local businesses.

The Opportunity:
This is a rare chance to acquire the freehold interest in a prime high street property currently let in its entirety to a well-known high street retailer at £22,000 per annum. The tenant is in negotiations to take a new 8–10 year lease on just the ground floor retail unit, which would produce a revised rent expected in the region of £18,000 to £20,000 per annum (to be confirmed).

The upper floors, currently used as storage, would then be vacant and ideal for redevelopment—offering excellent potential for conversion to office accommodation or 1–3 residential flats, subject to the necessary planning consents. Access arrangements and generous proportions on the upper levels provide flexibility for a variety of schemes.

Key Features:

Freehold sale with existing tenant in place

Highly prominent town centre location

Approx. 1,250 sq ft ground floor retail space + 150 sq ft office area

Upper floors offer several large rooms ripe for redevelopment

Dual frontage to Chapel Street and King Street

Potential to enhance income and value through redevelopment

A superb opportunity for investors, developers, or anyone seeking to acquire a high-yielding asset with future uplift potential in one of Bridlington’s best trading positions.