47 Grimsby Road, Cleethorpes
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- SIZE
Ask agent
- SECTOR
Mixed use property for sale
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
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.
Brochures
47 Grimsby Road, Cleethorpes
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 55761158-36AB-4BEA-81A4-AD62B5DEC11A. 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, Savills, Auctions. 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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