Property photos
Just added
£125,000
(£68.95/sq. ft)
Property for sale
Grimsby Road, Cleethorpes, North East Lincolnshire DN351,813 sq. ft
Local area information
Property location
Nearby amenities
- Elliston Primary Academy 0.1 miles
- Queen Mary Avenue Infant School 0.4 miles
- New Clee 0.7 miles
- Cleethorpes 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Cleethorpes to find out more about the local area.
Features and description
- Two storey mixed use premises totalling 168.40 sq m (1,813 sq ft) approx.
- Total income of £12,696 per annum (9.86% Net Initial Yield).
- Freehold premises subject to existing Lease and Assured Shorthold Tenancies.
- Ground floor shop (Hair Salon) currently Let at £3,900 pax subject to a 5 year Lease which expires 24.09.2028.
- Ground floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £3,600 per annum.
- First floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £5,196 per annum.
The property comprises a mid-terraced two storey mixed use premises of masonry construction surmounted by a pitched tiled roof. The ground floor provides a self-contained retail unit that is currently used as hair salon and a separate self-contained 1 bed flat, with the first floor comprising a self-contained two-bedroom flat with courtyard/garden area.
This property currently forms part of a larger property portfolio consisting of various mixed-use properties situated along Grimsby Road, Cleethorpes. The property can therefore be transacted individually or as part of a portfolio sale.
Click here to view the property portfolio
Two storey mixed use premises totalling 168.40 sq m (1,813 sq ft) approx.
Total income of £12,696 per annum (9.86% Net Initial Yield).
Freehold premises subject to existing Lease and Assured Shorthold Tenancies.
Ground floor shop (Hair Salon) currently Let at £3,900 pax subject to a 5 year Lease which expires 24.09.2028.
Ground floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £3,600 per annum.
First floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £5,196 per annum.
This property currently forms part of a larger property portfolio consisting of various mixed-use properties situated along Grimsby Road, Cleethorpes. The property can therefore be transacted individually or as part of a portfolio sale.
Click here to view the property portfolio
Two storey mixed use premises totalling 168.40 sq m (1,813 sq ft) approx.
Total income of £12,696 per annum (9.86% Net Initial Yield).
Freehold premises subject to existing Lease and Assured Shorthold Tenancies.
Ground floor shop (Hair Salon) currently Let at £3,900 pax subject to a 5 year Lease which expires 24.09.2028.
Ground floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £3,600 per annum.
First floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £5,196 per annum.
More information
Listed by
PPH Commercial
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