Commercial Property for sale

Grimsby Road, Cleethorpes, Lincolnshire, DN35

907 sq. ft. | £89,000

Property Description

Commercial information

  • 907 sq ft (84 sq m)

Key features

  • Part Let Investment Opportunity
  • Currently Producing An Annual Income of 4,420
  • Furher Rental Potential of Approximately 8,500 Per Annum
  • Self Contained First Floor Flat
  • Busy Thoroughfare Leading To The Tourist Location Of Cleethorpes
  • Newly Reduced With Offers Considered
  • Ground Floor Let On a 3 Year FRI Lease, Expiring August 2019

Full description

Tenure: Freehold

The property is situated on Grimsby Road, the main arterial route through to both the towns of Grimsby and the seaside location of Cleethorpes with a high level of traffic throughout the day.

Part-let investment opportunity having a current annual rental of some 4,420 per annum with further rental potential to a total approximately 8,500 per annum, ground floor let on a three year FRI lease, expiring August 2019. The property is of brick built and tile construction arranged as a ground floor retail unit together with a self-contained flat and store to the rear. The property benefits from gas central heating (separate boilers) and uPVC double glazing and electric roller shutters to the front elevation of the unit.

The ground floor retail unit is currently let on a three year FRI lease, expiring August 2019. The first floor self-contained flat is currently vacant. Copies of the lease will be available to prospective parties.

The approximate accommodation comprises:
Ground Floor Retail Unit 670 sq ft (62.3 sq m)
Store (GEA) 237 sq ft (22.0 sq m)

We are advised by the owners that the rental income received is as follows:
Retail Units Let at 4,420 Per Annum
Flat Vacant
Storeroom (Let with Retail Unit)

The investment is for sale at a price of 89,000, all reasonable offers will be given consideration to.

We are verbally advised by North East Lincolnshire Council that the Rateable Value is 5,200 under the current 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.


More information from this agent

Nearest stations

  • New Clee (0.3 mi)
  • Grimsby Docks (1.0 mi)
  • Cleethorpes (1.2 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 (0.3 mi)
  • Grimsby Docks (1.0 mi)
  • Cleethorpes (1.2 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.

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