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COMMERCIAL

Market Street, Cleethorpes, N E Lincs, DN35

£320,000
Jackson Green and Preston, Grimsby
PROPERTY TYPE

Retail Property (high street)

SIZE

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Key features

  • Investment Property For Sale
  • The Ground Floor Is Currently Occupied By "Me2Raj Restaurant" Paying £1,200 PCM
  • Freehold Property
  • Prominent Position In Cleethorpes
  • 2 Flats Acheiving £1,150 PCM But Will Be Vacant Upon Completion

Description

Jackson, Green and Preston are delighted to offer to the market this mixed-used property, which would be a great addition to any investors portfolio.
The property comprises a ground-floor commercial element, which is currently occupied by the well established Me2Raj restaurant, with an additional two flats above.

The ground-floor is currently achieving £1,300 Per Calendar Month, and should the investment be fully tenanted, we anticipate the property to achieve around £28,200 Per Annum, which would equate to a Gross Initial Yield of 8.81%.

*Please note, both flats are currently occupied by the owners and will be sold vacant upon completion*

A fantastic opportunity, not to be missed.

Commercial

Ground Floor

Main Retail/Restaurant Area

24.59m x 4.57m

Including laminate flooring, timber single glazed window and entrance door, led lighting, air-conditioning unit and wall radiator. Including a bar area.

W.C.

2.22m x 1.54m

with tiled flooring, sink basin and low flush w.c.

Kitchen

4.39m x 3.19m

With appliances belonging to the tenant, vinyl flooring.

Store Room

2.83m x 2.8m

Including large fridge area and combi boiler.

Flat 1

Kitchen

3.57m x 3.04m

Benefitting from tiled flooring, single glazed timber window and wall and base units.

Living Room

3.91m x 4.43m

With a timber double glazed window, suspended ceiling, laminate flooring and radiator.

Bedroom 1

3.99m x 2.87m

With Laminate flooring.

Bedroom 2

3.66m x 3.22m

With single glazed timber window and laminate flooring.

Store Room

4.36m x 1.83m

Bathroom

2.99m x 1.69m

With tiled flooring and walls. Low flush w.c., sink with pedestal and walk in shower.

Flat 2

Kitchen

3.95m maximum x 3.20m - Including tiled flooring, wall and base units, sink and drainer.

Living Room

3.95m x 3.02m

With laminate flooring, radiator and a timber single glazed window.

Bedroom 1

4.26m x 4.17m

With timber single glazed bay window and laminate flooring.

Bathroom

2.24m x 1.68m

Including bath with overhead shower, tiled flooring, w.c. and sink basin.

Business Rates

The rateable value as of 1st April 2023 is £9,400. This an online enquiry and all interested parties are advised to make their own enquiries.

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 8th January 2025 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

Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide their clients with expert mortgage and protection advice. We have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service. We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Mortgage Advice Bureau (truncated)

Brochures

Particulars

Energy Performance Certificates

Epc - CommercialEpc - Flat 1Epc - Flat 2

Market Street, Cleethorpes, N E Lincs, DN35

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cleethorpes Station0.1 miles
  • New Clee Station1.5 miles
  • Grimsby Docks Station2.1 miles
Get brand editions for Jackson Green and Preston, Grimsby

About Jackson Green and 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 GRS182221. 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 and 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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