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Grimsby Road , Cleethorpes, North East Lincolnshire, DN35

Guide Price
£260,000

£115.86 per sq ft

Business rates & charges may apply

PPH Commercial Limited, Scunthorpe
SIZE AVAILABLE

2,244 sq ft

208 sq m

SECTOR

Commercial property for sale

Key features

  • Two storey mixed use premises totalling 284.58 sq m (2,244 sq ft) approx.
  • Total income of £23,670 per annum (8.84% Net Initial Yield).
  • Freehold premises subject to existing Lease and Assured Shorthold Tenancies.
  • Ground floor convenience store currently Let at £5,196 pax, subject to a 10 year Lease which expires 20.08.2030.
  • 4 no. flats Let on Assured Shorthold Tenancies generating a combined income of £18,474 pax.

Description

The property comprises a mid-terraced two storey mixed use premises of masonry construction surmounted by a pitched tiled roof. The ground floor provides a self-contained retail unit that is currently used as a convenience store, with 2 No. ground floor self-contained one bedroom flats and 2 No. self-contained two bedroom flats.

This property currently forms part of a larger property portfolio consisting of various mixed-use properties situated along Grimsby Road, Cleethorpes. The property can therefore be transacted individually or as part of a portfolio sale.

Click here to view the property portfolio




Two storey mixed use premises totalling 284.58 sq m (2,244 sq ft) approx.

Total income of £23,670 per annum (8.84% Net Initial Yield).

Freehold premises subject to existing Lease and Assured Shorthold Tenancies.

Ground floor convenience store currently Let at £5,196 pax, subject to a 10 year Lease which expires 20.08.2030.

4 no. flats Let on Assured Shorthold Tenancies generating a combined income of £18,474 pax.

Brochures

Grimsby Road , Cleethorpes, North East Lincolnshire, DN35

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • New Clee Station0.4 miles
  • Cleethorpes Station1.0 miles
  • Grimsby Docks Station1.1 miles

About PPH Commercial Limited, Scunthorpe

First Floor, Prince House, Arkwright Way, Scunthorpe DN16 1AD

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 25940FH. 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 PPH Commercial Limited, Scunthorpe. 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.

Map data ©OpenStreetMap contributors.

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