6 Week completion
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.
A mid terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first and second floors.
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
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)
Note: The lessee also trades from the adjoining shop (No. 31) and from No. 16 Chapel Street which abuts the rear of the propery, both of which are not included in the sale.