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COMMERCIAL

Cleethorpe Road, Grimsby, Lincolnshire, DN31

£88,000
Jackson Green & Preston, Grimsby
PROPERTY TYPE

Mixed Use

SIZE

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Key features

  • ATTENTION INVESTORS
  • 2 Storey Terrace With Basement Storage
  • Ground Floor Commercial Let On 2 Separate FRI Leases
  • First Floor Residential Let On Long Ground Lease
  • Comined Annual Rent Of £8,470
  • Located Within Easy Rear Of Grimsby & Cleethorpes
  • Excellent Mixed Use Investment Opportunity

Description

**Attention Investors – Prime Investment Opportunity**

A fantastic opportunity has arisen to purchase a two-storey terraced building with basement storage. The ground floor comprises a retail premises and storage/workshop area, while the first floor offers a self-contained flat.

The front retail shop features a main retail area (approx. 47sqm / 505sqft), store/office (approx. 29sqm / 312sqft), kitchenette, and W.C. It is complemented by a rear storage/production area, including basement storage and convenient rear loading access.

The self-contained flat on the first floor is accessible from the front elevation and is currently let on a long ground lease, ensuring stable rental income.

We understand that the commercial property is let on a 10-year Full Repairing and Insuring Lease (FRI) starting from March 3, 2017, at an annual rent of £6,240, subject to review every three years to the higher of the Retail Price Index (RPI) or market rent. The rear area and basement are leased separately to the same tenant on a 10-year FRI starting from June 10, 2018, at an annual rent of £2,080, with similar rent review terms. The flat is leased on a long ground lease for 150 years starting from April 1, 2018, at a ground rent of £150 per annum.

The property is strategically situated on Cleethorpe Road (A180), linking Grimsby and Cleethorpes, and provides easy access out of town via the M180.

This property presents a secure, long-term investment opportunity, offering both commercial and residential income streams in a highly sought-after location. Contact us today to learn more or schedule a viewing.

Commercial

Ground Floor

Main Retail Area

5.18m maximum x 9.18m maximum (into window display) - With a single glazed timber frame entrance door and frontage and suspended ceiling.

Staff Area / Store

8.04m x 3.64m

W.C.

1.7m x 1.53m

With wash hand basin and w.c.

Rear Store

1.99m x 3.54m

With electric roller shutter providing rear loading from Strand Street.

Garage/Store

2.81m x 10.16m

With roller shutter and tiled floor. Providing access to the basement.

Basement Room 1

4.49m x 5.09m

Basement Room 2

4.21m x 4.34m

Flat

Ground Floor

Entrance Hall

With a timber door, electric heater leading through to inner hall with stairs to first floor accommodation.

First Floor

Kitchen/Living Room

5.69m maximum x 3.64m maximum - With a range of wall and base units incorporating a sink/drainer, four-ring hob and oven. Tiled splash back. Electric radiator. Two uPVC double glazed windows and a uPVC double glazed door. Laminate flooring.

Bedroom 1

3.47m x 2.36m

With a uPVC double glazed window, electric radiator and laminate flooring.

Bedroom 2

4.14m maximum x 4.59m - With a uPVC double glazed window, electric radiator and laminate flooring.

Bedroom 3

4.25m x 4.61m

With a uPVC double glazed window, electric heater and laminate flooring.

Landing

A split level landing with storage cupboard and electric heater.

Shower Room

Incorporating a corner shower, sink in vanity unit and low-flush w.c. Partly tiled walls. Two uPVC double glazed windows.

Business Rates

We have been unable to locate the property on the Valuation Offices database and suggest all interested parties make their own enquiries.

Tenancies

We understand that the ground floor retail premises is let on a 10 year FRI Lease from 2017 at a current rent of £6,240 per annum subject to a review in each third year of the term for the greater of RPI or market rent. The rear of the property and basement is also let to the same tenant on a 10 year FRI Lease from 2018 at a current rent of £2,080 per annum subject to a rent review in each third year of the term to the greater of RPI or market rent. The flat is let on a long ground lease for 150 years from 1st April 2018 at a ground rent of £150 per annum.

Broadband & Mobile Phone Coverage

Please use the following link to check the mobile phone and broadband coverage for this property.

Council Tax Band A

This information was obtained on the 6th June 2024 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation. Additionally, there may be circumstances when the Council Tax can be altered on change of ownership. All interested parties are advised to make their own enquiries. See

Property Management

Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs. Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail ( ) for some informal advice. Further information is also available on our website at

Property To Sell

Do you have a property to sell? For professional valuation advice, contact our Grimsby Office ). One of our experienced valuers will be happy to provide a free marketing appraisal of your property.

Surveys

Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors. To discuss your survey needs, please contact our Survey Department on .

Sources Of Useful Information

Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.

Mortgage Advice

We are pleased to be able to introduce Toni Cressey Mortgage Advisers who we recommend for Independent Mortgage Advice for any of our clients looking to purchase their first home, new home or investment property. They have a team of advisers that are able to help and advise you on the most suitable mortgages available for you taking into account your own particular needs and circumstances. They will help and guide you through the whole mortgage and home buying process, ensuring best advice is given at all times. Buying a new home is one of the most important financial decisions you will make so it is vital that you get the help and advice you need at the earliest opportunity. No fee is charged for this independent mortgage advice, which is provided under no obligation. There may however be a fee payable should you proceed with a mortgage application. The actual amount you pay will depend upon your own circumstances and requirements and typically our application fee will (truncated)

Brochures

Particulars

Energy Performance Certificates

Epc - CommercialEpc - Flat

Cleethorpe Road, Grimsby, Lincolnshire, DN31

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Grimsby Docks Station0.3 miles
  • New Clee Station0.4 miles
  • Grimsby Town Station1.0 miles
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About Jackson Green & Preston, Grimsby

19 West St. Marys Gate, Grimsby, DN31 1LE
Industry affiliations:
About Us
About us

Founded in 1920, Jackson Green & Preston is Grimsby and Cleethorpes largest and best known local Estate Agency, with over 95 years experience in the property market and currently having 400 or so properties on the market through our agency.

In 2011, on the retirement of the Partners in Goudes Chartered Surveyors, we acquired their very successful Lettings and Management Department, reinforcing our position as one of Grimsby's premier Management Agents.

In 2016, following the retirement of the principal of Bacons Property Management, we were again approached and offered the opportunity to further enhance our position as Grimsby's leading lettings specialist by acquiring Bacons Property Management.

We are members of the Guild Property Professionals and we provide a level of service that meets a high standard of knowledge, integrity, and results. Don't just take our word for it, read some of our testimonials below.

Knowledge

"'Knowledgeable professional, excellent service - highly recommended'

The service from Kevin at Jackson Green & Preston is excellent. He is not only exceedingly knowledgeable on leasehold extensions, he is also a very clear communicator and a brilliant negotiator. I had a very difficult time with a landlord who didn't seem to understand my rights as a tenant - Kevin gave me excellent advice and conducted the negotiations with the landlord and her solicitor. He also drafted applications to the tribunal on my behalf. Under the circumstances, it was Kevin (rather than my solicitor or anyone else) that made it happen. The back office team are also competent and friendly. I highly recommend Kevin and the team to anyone going through the statutory process for a lease extension." - Testimonial

Integrity

"

Great company to deal with buying and selling.

'

Extremely helpful. Found our purchaser and showed them around etc while we were in Barbados for 7 weeks. Kept in constant touch by phone and Email. Nothing was too much trouble!" - Testimonial

Results

"

Fantastic service, Fallon has been brilliant and kept me up to date with our sale, really friendly and approachable staff. Very reasonable sales fees. Our property had the asking price within a week, really efficient. Would recommend Jackson, Green and Preston.

!" - Testimonial

Notes

These notes are private, only you can see them.

Disclaimer - Property reference VAL240019. 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 Jackson Green & Preston, Grimsby. 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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