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Hilton Smythe welcomes to the market Victoria Business Centre in Bridlington.
A highly attractive Investment property which can offer a 16% Rental yield per year with very minimal running costs.
The Centre provides flexible workspace for a variety of businesses both large and small, public and private, with approx. 35 offices of various sizes to rent on a full-time basis or by the day or by the hour.
In addition, there are meeting, counselling, training and conference rooms of various sizes and a large meeting hall to hire.
The Centre intends to create virtual office facilities shortly.
The Centre has kitchen and toilet facilities and provides wi fi and internet.
The Centre was converted and developed by our client in 2015.
The business is easily run, and overheads are low.
Our client is reluctantly selling to pursue other business interests.
Further details can be seen on the website ---.----------------------.---
This is a tremendous opportunity for an investor to buy and develop a good and profitable well established easy to run business with potential substantial capital growth.
Victoria Business Centre is situated on Victoria Road within walking distance of the centre of popular seaside town of Bridlington in Yorkshire.
Bridlington hosts a wide variety of businesses both large and small as well as a vibrant tourist trade.
The Centre is based in 1 large 4 storey detached property which had been previously 2 separate buildings
Nos 4 and 6 Victoria Road included 4 floors and basement.
All office furniture and fittings valued at £100,000 are included in the sale.
The Business and Property is to be sold as a Freehold Opportunity
The owner works hours to suit the various businesses within the Centre.
The business is run by the owner and a receptionist.
Staff costs will be advised on a need to know basis.
We are advised that income is approx. £90,000 - ------ pa at present but growing generically.
Income is not affected by the state of the economy.
Business rates and water are approx. £2500 per annum
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