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Block of flats for sale

£495,000

Albion Terrace, Bridlington YO15

Block of flats for sale
Interested in this property? Call +44 1825 592668 * or Request Details

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Property features

  • Kitchen-Diner
  • On-road Parking
  • En-suite
  • Open Plan Lounge
  • Video Door Entry
  • Full Double Glazing
  • Oven/Hob

Property description



A substantial Seafront Georgian style terrace property situated right next to Bridlington Sea Front, close to top attractions like Sewerby Hall and Gardens and adjacent to the new Premier Inn on the North Beach side of Bridlington.

An opportunity to acquire this outstanding investment of five refurbished apartments along with the freehold of the building, situated in Bridlington’s upmarket sector with stunning views across the bay and beach – A superb site. This is a stunning location offering spectacular sea and beach views and only a few minutes’ walk to the nearby restaurants and bars. Currently let on AST’s with an annual income of £28,596, the property could easily be let out as holiday lets. Have estimated a potential gross income of £82,500 pa. The freehold premises have just undergone major refurbishment including new roof, electrics, complete redecoration, new bathrooms and very much more. Heated by electric with new energy efficient heaters, each apartment now has internal wall insulation and room in roof insulation to keep heating costs low.
Ground Floor:-
Communal entrance with entry through to mobile phones (so can be answered even when you are out). Then a staircase leading to all floors. There is a lobby area and bike storage area at the first landing and a door to the rear exit and external stairs leading to parking, garage, and bins. On alternate landings are cupboards and storage rooms.

Apartment One – ground floor: Open plan lounge/modern kitchen with breakfast bar - views to the sea. Double bedroom with a separate dressing room. Shower room with toilet and wash hand basin.
Apartment Three – Second floor: Lovely lounge overlooking the sea with a modern kitchen with white units also overlooking the sea, double bedroom, shower room with toilet and basin.
Apartment Two – Third floor: Lovely lounge overlooking the sea with a modern kitchen with white units also overlooking the sea, double bedroom, shower room with toilet and basin.
Apartment Four – Fourth floor: Lovely lounge overlooking the sea with a modern kitchen with white units also overlooking the sea, double bedroom with en-suite shower room, toilet and basin.
Apartment Five – Fifth floor: Rooftop apartment Small sitting room overlooking the sea with a modern kitchen with white units also overlooking the sea, double bedroom, en-suite toilet and basin. Separate shower room with hand basin.

Current EPC’s do not reflect the renovations but when reassessed are estimated at all being Band C.

There is also a one-bedroom garden flat within the building which has been renovated and sold off with a 200 year lease from 2020. A ground rent (currently £67pa) and share of maintenance fees are paid annually by the leaseholder.

The property is held in a company; Talisman Estates Trading Ltd. Company number 10198159. We are open to the sale being by purchasing the shares of the company as this may be simpler and more tax efficient.

Property info

Property value data/graphs for YO15

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £278,422 £165 3.4 £340,234
Semi-detached £195,469 £150 3.6 £207,217
Terraced £147,528 £134 3.9 £137,900
Flats £130,242 £142 1.9 £103,606

Current asking prices in YO15

Average: £218,539
Avg. current asking prices in YO15
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £77,543
(7)
£128,169
(54)
£240,473
(53)
£331,843
(26)
£366,058
(16)
Flats £70,619
(8)
£160,582
(17)
£191,667
(3)
£260,000
(1)
-
All £73,850
(15)
£135,930
(71)
£237,858
(56)
£329,183
(27)
£366,058
(16)

Current asking rents in YO15

Average: £554 pcm
Avg. current asking prices in YO15
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £470 pcm
(4)
£724 pcm
(1)
- - -
Flats £464 pcm
(6)
£647 pcm
(4)
- - -
All £467 pcm
(10)
£662 pcm
(5)
- - -

Fun facts for YO15

Highest value in YO15
Highest value streets Zed-Index
Belvedere Parade £520,589
South Cliff £454,227
Pembroke Terrace £327,908
East Scar £320,584
Kingsgate £314,999
Highest turnover in YO15
Highest turnover streets Turnover
Seventh Avenue 54.5%
Tennyson Avenue 45.5%
Dog & Duck Square 42.9%
Craikewells 40.0%
Lansdowne Crescent 38.9%
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For more information about this property, please contact
Woods Properties, TN22 on +44 1825 592668 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Woods Properties, and do not constitute property particulars. Please contact Woods Properties for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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