Compact tenanted flat with long lease and immediate rental income.
Currently let achieving £6,300 pa — immediate income
A compact two-bedroom first-floor apartment in a Victorian block, offered as a ready-made residential investment. The flat is tenanted on an assured periodic tenancy and currently produces £6,300 per year, giving an immediate income stream from completion. The freehold may be purchased with the flat or retained by the landlord.
Practical features include gas-fired central heating, an EPC rating of C, long lease length (approximately 967 years remaining), low annual service charge (£400) and modest ground rent (£100). The accommodation is small (circa 385 sq ft) but well appointed with lounge, fitted kitchen and bathroom — suitable for single occupiers or couples and straightforward to let in a coastal town.
Location is convenient for Bridlington town centre, supermarkets and the railway station, supporting tenant demand. Important considerations: the property sits in a higher-crime and economically deprived area, parking is limited and non-allocated, and the compact size limits family use. The tenant in situ is a positive for income but may restrict immediate vacant possession or viewings.
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