Freeman Street, Grimsby, Lincolnshire, DN32
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Mixed Use Premises
- Commercial Unit + 2 x 1 Bedroom Flats
- Flats Let At £7,020 Per Annum
- Expected Commercial Rent £4,800 Per Annum
- Yield 10.3%
- Long Term Tenants Wishing To Remain
- uPVC Double Glazing
- Modern Electric Heaters
Description
The property is within close proximity to Freshney Place shopping centre and benefits from good transport links to and from Cleethorpes.
The property comprises of a well proportioned ground floor retail area approximately 62.89sqm/676sqft in size, comprising of 2 w.c.'s and a generous sized basement of 48.51sqm/522.15 sqft. The property comes with 2 x 1 bedroom, flats which are currently let at £75 and £60 per week respectively, equating to £7,020 per annum. We anticipate the retail unit to generate an income of £4,800 per annum, which combined generates an income of £11,820 per annum. At the current asking price, this represents a yield of just shy of 10.3%, making this an extremely attractive investment opportunity.
VIEWING IS HIGHLY RECOMMENDED FOR THIS EXCEPTIONAL OPPORTUNITY.
Ground Floor - Retail Unit
11.01m x 5.03m
These premises have a number of different uses, subject to relevant planning consent. The unit comprises of a uPVC double glazed window frontage as well as entrance door off Freeman Street and has carpeted flooring throughout and a suspended ceiling.
W.C.
With w.c. and hand basin.
W.C.
With w.c. and hand basin.
Basement
10.3m x 4.82m
This could be used for an abundance of different uses.
First Floor Flat - 4A
Entrance Hallway
With a front door leading onto the communal hallway.
Living Room
4m x 2.5m
With a uPVC double glazed front window and electric storage heater.
Bedroom
2.5m x 4.1m
With a uPVC double glazed window and an electric storage heater.
Kitchen
1.8m x 3.1m
With wall and base units incorporating a basin and space for a cooker, washing machine and stand alone 'fridge-freezer.
Bathroom
A three piece suite incorporating a bath, w.c. and a basin.
Tenancy
The property is currently let for £60 per week (£260 per calendar month) on and Assured Shorthold Tenancy with the tenants being in situ since 2013 and wishing to remain.
Second Floor Flat - 4B
Entrance Hallway
With a uPVC double glazed window, under stairs storage space and stairs leading to the first floor accommodation.
Landing
With a uPVC double glazed window and a storage cupboard.
Living Room
2.8m x 4.1m
With a uPVC double glazed front window and an electric storage heater.
Bedroom
3.7m x 2.4m
With a uPVC double glazed rear window and an electric storage heater.
Bathroom
A large bathroom consisting of a bath and w.c. as well as a uPVC double glazed front window.
Cloakroom
With a uPVC double glazed frosted window, pedestal basin and a w.c.
Kitchen
2.7m x 2.6m
With fitted wall and base units incorporating a basin as well as space for a cooker, washing machine and 'fridge-freezer. Partially tiled with the "Britony II" boiler.
Loft Room
3.8m x 5m
A boarded loft space with a timber "Velux" single glazed window.
Tenancy
The property is currently let at £75 per week (£325 per calendar month) and the tenant has been in situ since the current owner purchased the property is 2012. The tenant, much like the flat below wishes to remain.
Communal Areas
The two residential flats are located down a side alleyway to the left of 4 Freeman Street, which the leads access via a metal stairway to the two flats. To gain access to the two flats, one must walk across the flat roof of 6 Freeman Street, however we have checked there is right of way to gain access above this premises.
NOTE
Please note this property sale is related to a member of staff at Jackson, Green and Preston.
Business Rates
The rateable value as of 1st April 2017 is £1,200. All interest parties are advised to make there own enquiries.
Council Tax Band A (Each Flat)
This information was obtained on the 17th August 2022 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 all of our clients to the UK's largest FEE FREE broker. In addition to being able to access hundreds of mortgages from over 80 lenders, any customer referred through our Agency also has the added benefit of FREE BUYERS INSURANCE for their onward purchase. For more details, please contact our office on
Brochures
Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Freeman Street, Grimsby, Lincolnshire, DN32
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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
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