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COMMERCIAL

Grimsby Road, Cleethorpes, Lincolnshire, DN35

£179,950
Jackson Green and Preston, Grimsby
PROPERTY TYPE

Retail Property (high street)

SIZE

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Key features

  • Investment Opportunity
  • Freehold Property
  • Current Income Being Achieved £13,900
  • Close Proximity To Grimsby Town Football Stadium
  • Comprising Of Commercial Retail Unit & 3 Flats

Description

ATTENTION INVESTORS.
A great opportunity has arisen to purchase this part-let investment property, situated in a prominent position on Grimsby Road. The property comprises a Ground floor retail unit with three additional one bed flats, achieving a combined rent of £13,900 Per Annum, equating to a gross initial yield of 7.12%.

The ground floor retail unit features a main retail area, office and workshop space, W.C and kitchenette, which is approximately 49sqm /528 sqft. There are three flats included, one of which has a separate rear access and the other two have shared access from the front elevation and are above the retail unit.
We understand that the two out of the three residential flats are currently tenanted on AST’s, with the vacant undergoing planning to be changed from a commercial dwelling, back to a residential. The Ground floor retail unit is tenanted on a three-year lease agreement, which commenced on 2nd November 2024 and is achieving £5,200 Per Annum.
The property is strategically situated on Grimsby 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

Main Retail

5.45m x 5.01m

With uPVC double glazed windows and doors, air conditioning unit, laminate flooring and LED lights. Space to the front for one vehicle.

Workshop

4.12m x 3.81m

With laminate flooring, LED lights and an air conditioning unit.

Office

2.2m x 1.64m

W.C.

2.28m x 1.09m

Part tiled walls, tiled flooring, low flush w.c. and sink with mixer tap and radiator.

Business Rates

The rateable value as of 1st April 2023 is £4,250. This an online enquiry and all interested parties are advised to make their own enquiries.

Flat 1

Currently vacant and awaiting planning permission to be turned back into Residential.

External

Concrete paved rear access with uPVC double glazed front door.

Kitchen

3.56m x 2.77m

Brand new appliances such as "Lamona" Hob and "Indesit" extractor fan. Includes an aluminium sink with drainer, wall and base units and radiator.

Living Room

3.67m x 2.28m

Benefitting from a uPVC double glazed bay window.

Bedroom

4.87m x 1.91m

LED lights, vinyl flooring and radiator.

Shower Room

1.49m x 1.5m

Electric shower and sink with pedestal.

W.C.

1.1m x 1.51m

Including a low flush w.c. and "Biasi" combi boiler.

Flat 2

Shared entrance with flat 3.

Open Plan Kitchen/Living Room

3.57m x 3.21m

Vinyl flooring, two uPVC double glazed window, "Ravenheat" combi boiler.

Bedroom 1

2.71m x 2.72m

Including a uPVC double glazed window.

Bathroom

2.59m x 1.65m

Benefitting from vinyl flooring, bath tub, low flush w.c. and sink with pedestal.

Flat 3

Shared entrance with flat 2.

Open Plan Living/Kitchen

6m x 5.57m

Part carpet and part vinyl flooring, wall and base units and 2 uPVC double glazed windows, one being a bay window. "Ideal" combi boiler.

Bedroom

3.13m x 2.61m

Radiator and uPVC double glazed window.

Bathroom

4.26m x 1.16m

Including a bath with overhead shower, low flush w.c. and sink with pedestal. uPVC double glazed frosted window.

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 27th 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 2Epc -Flat 3

Grimsby Road, Cleethorpes, Lincolnshire, DN35

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • New Clee Station0.6 miles
  • Cleethorpes Station0.9 miles
  • Grimsby Docks Station1.2 miles
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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

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Disclaimer - Property reference VAL250006. 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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