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Grimsby Road, Cleethorpes, Lincolnshire, DN35

Key features

  • Exceptional investment opportunity with a three-storey terraced townhouse.
  • Cleverly converted into seven individual studio apartments.
  • Each studio features a comfortable one-bedroom layout.
  • Fully let, generating a total gross income of £2,378.5 per month.
  • Impressive annual income of £28,542 with a gross yield of 12.4%.
  • All seven apartments are currently occupied, ensuring consistent rental income.
  • Ideal for investors seeking a secure and profitable venture.
  • Contact us today to schedule a viewing and secure this thriving investment opportunity.

Description

An exceptional investment opportunity awaits with this three-storey terraced townhouse, cleverly transformed into seven individual studio apartments, each boasting a comfortable one-bedroom layout. Nestled in a well-established, this property is fully let, generating a total gross income of £2,378.5 per month, resulting in an impressive annual income of £28,542. With a gross yield of 12.4%, this property promises a lucrative return on investment. All seven apartments are currently occupied, ensuring a steady stream of rental income for the new owner. Ideal for investors seeking a secure and profitable venture in the property market. Don't miss out on this fantastic opportunity – contact us today to schedule a viewing and secure your position in this thriving investment.

Ground Floor

Apartment 1

Living/Dining Room

4.01m x 3.04m

With pull down bed. With two radiators and a uPVC double glazed bay window.

Kitchen

2.39m x 1.98m

Partially tiled with a good selection of modern fitted units incorporating sink unit with drainer. With an electric point for cooker and an automatic washing machine.

Shower Room

With panelled walls. Fitted with a modern suite comprising of a low-flush w.c., hand basin and shower cubicle with shower and extractor.

Apartment 2

Entrance Hall

Living Room/Bedroom

3.94m x 3.57m

With pull down bed unit and radiator.

Kitchen

2.03m x 1.35m

Partially tiled and fitted with a selection of wall and base units incorporating a sink and drainer unit. With electric point for cooker.

Shower Room

Partially tiled with a low-flush w.c., hand basin and shower base with shower unit. With a tiled floor.

Apartment 7

This is a ground floor studio apartment at the rear of the property.

Living Room

3.63m x 3.94m

With radiator.

Bedroom

2.87m x 2.56m

With radiator and access to en-suite.

En-Suite

With shower cubicle with double glazed doors, low-flush w.c. and hand basin. With radiator.

Kitchen

2.03m x 1.9m

Partially tiled and fitted with a selection of wall and base units incorporating a sink and drainer. With electric point for cooker and automatic washing machine.

First Floor

Apartment 3

Entrance Hall

With boiler cupboard containing gas central heating boiler and hot water cylinder.

Living Room

3.64m x 3.53m

With two storage cupboards and radiator.

Kitchen

2.48m x 2.47m

Partially tiled and fitted with a selection of wall and base units incorporating a sink and drainer unit. With radiator.

Bedroom

2.59m x 1.98m

With radiator.

Shower Room

With a shower cubicle, low-flush w.c. and hand basin. With radiator.

Apartment 4

Living Room/Bedroom

4.06m x 3.06m

With radiator and uPVC double glazed window unit. Opening to kitchen area.

Kitchen

2.38m x 1.53m

Partially tiled and with a selection of wall and base units incorporating sink unit with drainer, electric oven and hob.

Shower Room

With low-flush w.c., shower cubicle with glazed door and a fitted shower and hand basin.

Apartment 5

Living Room/Bedroom

4.54m x 4.42m

With radiator.

Kitchen

1.91m x 1.7m

Partially tiled with a selection of fitted units incorporating sink unit with drainer. With electric point for cooker and radiator.

Shower Room

With hand basin, low-flush w.c., shower cubicle and radiator.

Second Floor

Apartment 6

Living Room

4.54m x 3.9m

With radiator and uPVC double glazed window unit.

Kitchen

2.72m x 2.15m

Fitted with a selection of modern wall and base units incorporating sink unit with drainer, electric oven and hob. With radiator.

Bedroom

4.07m x 2.94m

With storage cupboard, radiator and uPVC double glazed window unit.

Shower Room

With hand basin, low-flush w.c. and shower cubicle.

Storage/Dining Area

3.56m x 1.98m

Garden

There is a garden to the front and rear of the property.

NOTE

Improvements have been carried out to the property since the photographs have been taken. All interested parties should satisfy themselves with a viewing.

Broadband & Mobile Phone Coverage

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

Council Tax Band A (Each Flat)

This information was obtained on the 10th October 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.

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.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Grimsby Road, Cleethorpes, Lincolnshire, DN35

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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

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,074
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Notes

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Disclaimer - Property reference GRS220813. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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