Summary - 12 PROSPECT STREET BRIDLINGTON YO15 2AL
1 bed 1 bath Retail Property (high street)
Freehold mixed-use block in Bridlington town centre
Gross potential income approximately £37,000 per annum
Two ground-floor shops currently let at £8,950 and £10,200 pa
First-floor office suite vacant (previously dental surgery)
Three self-contained flats vacant; previously £4,800 pa each
Large building circa 4,303 sq ft with high ceilings and period features
Located in very deprived area with very high local crime levels
Vacant units likely need refurbishment and re-letting work
A substantial freehold investment in Bridlington town centre, this four-storey period building combines two ground-floor retail units, a first-floor office suite and three self-contained flats. The property sits on Prospect Street close to major amenities and public parking, offering clear mixed-use appeal and flexibility for an investor prepared to manage multiple tenancies.
Two ground-floor shops are currently let (rents £8,950 and £10,200 pa). The first-floor office and all three flats are vacant but were previously let (flats at approximately £4,800 pa each), giving a gross potential income of about £37,000 per annum based on earlier tenancies. The building’s size (circa 4,303 sq ft), high ceilings and period features provide scope for refurbishment, repurposing or steady rental returns once re-let.
Buyers should note material local-market considerations: the area is classified as very deprived with very high local crime levels, which can affect rental demand and tenant mix. The vacant office and flats will require marketing and likely refurbishment to achieve previous income levels. The sale is offered freehold and will be subject to existing tenancies where applicable—investors should verify current tenancy status and income.
This property suits an investor or portfolio buyer seeking a large, centrally located mixed-use block with upward potential through active asset management and modest refurbishment. Its prominent Victorian frontage and central location provide visible retail presence, while upper-floor accommodation offers residential income potential once re-tenanted.
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