• VAT free investment

• Established tenants including William Hill

• William Hill have occupied for 30+ years and recently renewed their lease, demonstrating their commitment to the property

• Prominent town centre retailing pitch

• Freehold

• £300,000, subject to contract

• 11.24% Net Initial Yield

The subject property is situated in Bridlington town centre, approximately 0.8 km (0.5 miles) from the train station and in close proximity to Bridlington Harbour.

Nearby occupiers include Shoe Zone, H Samuel, Boots, Three and Subway.

The town is currently benefitting from a significant amount of regeneration.  One phase of these regeneration plans includes the re-landscaping of Bridlington sea-front.  In addition, the multi-million pound ‘Integrated Transport Plan’, funded by East Riding of Yorkshire Council and the Humber Local Enterprise Partnership, will improve vehicle and pedestrian access around the town centre and help support future development in the town.  For further information see here.

The property, which benefits from frontages to both Cliff Street and Prince Street, comprises three ground floor retail units. William Hill occupy the unit facing Cliff Street with the two other units facing Prince Street.

The upper floors comprise eight residential flats, self-contained and accessible from Cliff Street, which have been sold off on a long lease.

According to the Valuation Office website the rateable value for the property is as follows:

The business rate multiplier is 48.0 pence per pound for rateable values below £51,000.

Freehold.

William Hill Organization Limited is a subsidiary of William Hill PLC. Founded in 1934, William Hill is one of the worlds’ leading betting and gaming companies. Employing more than 15,500 people in twelve countries, it is the UK’s largest land-based bookmaker with 2,319 licensed betting shops in the UK. For the year ending 1st January 2019 the company reported Net Assets of £298.9 million.

William Hill Organization Limited (Co. No. 278208) has reported the following figures:

The Company has net liabilities of £126.4 million at 26th December 2017. The reason for the Company moving to a net liability position is due to an exceptional £332.7m impairment charge of the investments in the Company’s Australian subsidiaries. The Company has since sold its business in Australia to CrownBet for £176 million.

For further information, please visit www.williamhillplc.com.

Nathan Long (t/a Mighty Lancer Games) is an established local tenant who has operated in Bridlington for many years. Antonraja Marianathan (t/a P&P Newsagents) is also an established tenant who has two stores in Bridlington.

The property has been not registered for VAT and therefore VAT is not applicable.

1. An opportunity to acquire a freehold retail investment;

2. The property occupies a prominent position in the town centre;

3. VAT free investment;

4. Established tenants including William Hill;

5. William Hill have been in occupation for 30+ years and renewed their lease last year, demonstrating their commitment to the property;

6. A purchase at the asking price reflects an attractive net initial yield;

7. Attractive lot size to an investor.

Access to the data room and for the ability to purchase online with speed and ease, please click the clicktopurchase® “C” icon or the clicktopurchase® side bar. Purchasers will be able to access the complete legal package, clear verification and submit legally-binding offers to acquire the property.

Purchasers benefit from the trust, security and transparency provided by the platform. All activities, including the online contract execution, will form part of the electronic audit trail which is anchored in the clicktopurchase® Blockchain.

clicktopurchase® provides the opportunity for any investor, whether located UK or abroad, to uniquely purchase online with ease and certainty. To learn more about clicktopurchase®, click here.