47 Grimsby Road, Cleethorpes, Lincolnshire, DN35 7AQ
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Value-Add Mixed-Use Investment Opportunity
- 2 x Retail Units and 2 x Flats to the Upper Parts
- One Retail Unit and One Flat Vacant
- Evident Asset Management Potential Via Letting
- ERV Approx. £20,000 p.a. If Fully Let
- Investment Let at £8,220 p.a.
- ERV Reflects 20% Gross Yield on Guide Price
Description
StrapLine
Auction Sale - 13/05/2025Value-Add Mixed-Use Investment Opportunity Comprising 2 x Retail Units and 2 x Flats to the Upper Parts
One Retail Unit and One Flat Vacant - Evident Asset Management Potential Via Letting with ERV of £20,000 p.a. If Fully Let
Investment Let at £8,220 per annum
Description
The property comprises a freehold mixed-use investment forming part of a popular local parade and offering evident asset management potential.
Arranged as two ground floor retail units with two separately accessed flats to the upper parts, the property is part let, offering the opportunity to create a high yielding investment.
We consider the estimated rental value (ERV) of the property to be in the order of £20,000 p.a. if fully let. The property may also be suitable for owner occupiers on both a residential and commercial basis.
The property is situated on Grimsby Road, an established and popular location comprising the principal retail amenity for the surrounding residential area.
Tenancy
Please see the below tenancy schedule and legal pack for more information.
47 Grimsby Road, Cleethorpes, Lincolnshire, DN35 7AQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- New Clee Station0.2 miles
- Grimsby Docks Station0.9 miles
- Cleethorpes Station1.3 miles
Notes
Disclaimer - Property reference 187-16676. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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