Property Details: - Type: Mixed use - Bedrooms: 4 - Bathrooms: 0
Agent: Dee Atkinson & Harrison - Auction House, Hull & East Yorkshire Phone: 01377 810966
This is a mixed-use, primarily residential investment property, being sold with vacant possession upon completion (see Tenure Section for details). The property is now ready for a programme of updating and redecoration but offers a fantastic opportunity for investors to create a high-yield multi-let unit. The ground floor comprises a lock-up shop unit let for £60 pw and a one-bedroom self-contained flat that is let, but the tenant is being rehoused by the council due to a disability. On the first floor is another one-bedroom flat, and the top floor is a two-bedroom flat. All flats have uPVC double glazing and individual gas boilers for the central heating. There is also a cellar, which is useful for storage. The upper-floor flats would now benefit from replacing the kitchen and bathroom fittings, redecoration, and new floor coverings. Before becoming vacant, the fully let property produced a gross income of £16,500 p.a with rents not having been increased for many years. <p><b><br/>Location</b></p><p>123 Hilderthorpe Road is situated in a convenient and established position on the southern side of Bridlington town centre, within easy walking distance of the town’s principal shopping and leisure facilities. Bridlington railway station is approximately 0.2 miles away, while a good range of supermarkets and everyday amenities are also close at hand.</p><p>Bridlington is a popular and well-established East Yorkshire coastal resort, offering extensive sandy beaches, a working harbour and a wide range of tourist, leisure and retail facilities. The property is also well placed for access to the seafront and South Beach, while Hilderthorpe Road provides convenient road links south towards Carnaby and the A614, giving access to Driffield and the wider East Riding.</p><p><b>Accommodation</b></p><p><b>Ground Floor</b></p><p><b>Lock-up Shop</b></p><p>The shop unit is currently let at £60 per week £3,120pa but the lease is due to be renewed before completion of the sale. If the tenant decides to vacate, the premises will be sold with Vacant possession. The shop provides 18.82sq m (202 sq ft) of retail space. There is also a small kitchenette and WC.</p><p><b>Ground Floor Flat</b></p><p>Living Room, hall, kitchen, bedroom, bathroom.</p><p><b>Tenancy</b></p><p>The ground floor flat is let on an assured shorthold tenancy; however, the tenant is disabled and has been served a Section 8 notice to help him secure more suitable council accommodation. If this has not occurred before the completion date, this flat will be sold subject to the existing tenancy agreement.</p><p><b>First Floor Flat</b></p><p>Landing, living room, kitchen, bedroom, bathroom.</p><p><b>Second Floor Flat</b></p><p>Landing, living room, kitchen, two double bedrooms, bathroom.</p><p><b>Cellar</b></p><p>There is a cellar beneath the shop that is accessed from an external metal hatch.</p><p><b>EPC</b></p><p>Current ratings:</p><p>GF Flat C (73) </p><p>FF Flat C (70)</p><p>SF Flat C(70)</p><p>Shop TBC</p><p><br/></p><p><b>SERVICES</b></p><p>It is understood that mains drainage, gas, water and electricity are laid to the property. There is central heating to radiators in each flat with individual boilers serving each unit. Windows are double glazed with uPVC framed sealed units. None of the services or associated appliances have been checked or tested. </p><p><b>COUNCIL TAX & BUSINESS RATES</b></p><p>It is understood that the all flats are listed as being in Council Tax Band A, which is payable to the East Riding of Yorkshire Council. </p><p>The ground floor shop has a rateable value of £1,500. Under current provisions, a small business may benefit from Small Business Rates Relief (subject to status).</p><p><b>TENURE</b></p><p>Freehold with vacant possession unless stated differently in the legal pack. N.B. Negotiations are currently taking place on the ground floor shop for possible renewal of the lease for 1 year, and a section 8 notice is understood to have been served on flat 1.</p><p><b>VIEWING</b></p><p>Strictly by appointment with the auctioneers on[use Contact Agent Button].</p><p><b>Solicitor</b></p><p>Bob Wallace of Brewer Wallace Solicitors in Hornsea.</p><b>Method of Sale</b><p></p><p>The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 28th September 2026 and closing on Wednesday 30th September 2026 at 1.00pm. For further legal information relating to this lot please log on to <a target="_blank" href="https://what3words.com/<a target="_blank" href="https://what3words.com/auctionhouse.co.uk">auctionhouse.co.uk</a>"><a target="_blank" href="https://what3words.com/auctionhouse.co.uk">auctionhouse.co.uk</a></a>/hullandeastyorkshire.</p><p></p><p><b>Conditions of Sale</b></p><p></p><p>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 online at <a target="_blank" href="https://what3words.com/<a target="_blank" href="https://what3words.com/auctionhouse.co.uk">auctionhouse.co.uk</a>"><a target="_blank" href="https://what3words.com/auctionhouse.co.uk">auctionhouse.co.uk</a></a>/hullandeastyorkshire prior to the date of the auction.</p><p></p><p><b>Additional Fees</b></p><p></p><p>The purchaser will be required to pay an administration charge of 0.3% inc. VAT is subject to a minimum of £900 (£750 plus VAT), and a buyer's premium of £1,200 (£1,000 plus VAT) in addition to the purchase price of the property.</p><p></p><p><b>Guide Price</b></p><p></p><p>Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures that 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.</p><p></p><p><b>Disbursements</b></p><p></p><p>Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.</p><p></p><p><br/></p><br/><b>Roof type: Slate tiles.</b><br/><br/><b>Flooded in the last 5 years: No.</b><br/><br/><b>Construction materials used: Solid brick.</b><br/><br/><b>Water source: Direct mains water.</b><br/><br/><b>Electricity source: National Grid.</b><br/><br/><b>Sewerage arrangements: Standard UK domestic.</b><br/><br/><b>Heating Supply: Central heating (gas).</b><br/>
