2 bedroom commercial property for sale

104 106 Grimsby Road, Cleethorpes, Lincolnshire, DN35

Guide Price 1,563 sq. ft. | £210,000

Property Description

Commercial information

  • 1,563 sq ft (145 sq m)

Key features

  • Fully Let Investment Opportunity
  • Generating An Annual Income Of 15,340
  • Two Self Contained First Floor Flats Let On Shorthold Agreements
  • Two Separate Ground Floor Retails Units Let FRI Terms, Generating A Total Passing Rent OF 6,500 Per Annum
  • Busy Thoroughfare Leading To The Tourist Location Of Cleethorpes
  • Various High Street And Local Traders Adjacent

Full description

Tenure: Freehold

The property is situated on the busy thoroughfare of Grimsby Road, the main arterial route to the port town of Grimsby and the popular seaside resort of Cleethorpes, linking to the A180.

The mixed use location is popular with high street covenants and local traders alike, close by occupiers include Tesco Express, McDonalds Restaurant, Grimsby Town Football Ground, Papa John's Pizza as well as numerous local traders.

The property comprises a mixed use mid-terraced premises of traditional brick build, set under pitched tile roofing, Incorporating two separate self-contained, one bedroomed flats to first floor, both held on Shorthold Tenancy Agreements at a combined annual rent of 8,840 as well as two separate retail units to the ground floor, Wakefield Men's Barber's occupy 104 Grimsby Road at a passing rent of 2,860 per annum, held on FRI lease terms, expiring March 2022, MB Crafts occupies 106 Grimsby Road, at a passing rent of 3,640 p.a, expiring June 2017, new lease terms to be negotiated upon.

Accommodation
Ground Floor
Retail Unit's
Shop 104 58.7 sq m (632 sq ft)
Shop 106 86.5 sq m (931 sq ft)

First Floor
Flat 104A 63.8 sq m (686 sq ft)
Flat 106B 56.7 sq m (611 sq ft)

Disposal Terms
The investment is available For Sale with an asking price of 210,000 which reflects a yield of approximately 7/8%. A copy of the lease's and agreements are available upon request.

Legal Costs
Each party is to be responsible for their own legal costs and stamp duty or land tax that may apply.

Rateable Value
We are advised by North East Lincolnshire Council that the Rateable Value for ground floor retail unit of 104 Grimsby Road is 2,615 106 Grimsby Road at 3,801. Both flats are listed under the Band A assessment. Interested parties are advised to confirm this with the Local Authority. Rateable Values can change and the rates payable can vary due to changes in transitional relief.

EPC'S
A copy of the EPC's are available for inspection at the Agent's offices

Viewing/Further Information
Strictly through sole agents, Lovelle Bacons LLP.
Lovelle Bacons
Tel: 01472 353436 Ext 302
E-mail: l.croft@lovelle-property.co.uk




Nearest stations

  • New Clee (0.4 mi)
  • Grimsby Docks (1.0 mi)
  • Cleethorpes (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lovelle Estate Agency, Grimsby -Commercial Sales

Hampton House Church Lane Grimsby DN31 1JR

01472 565036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • New Clee (0.4 mi)
  • Grimsby Docks (1.0 mi)
  • Cleethorpes (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lovelle Estate Agency, Grimsby -Commercial Sales

Hampton House Church Lane Grimsby DN31 1JR

01472 565036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference GY104106. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lovelle Estate Agency, Grimsby -Commercial Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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