Corporation Road, Grimsby, Lincolnshire, DN31
£71.02 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,816 sq ft
262 sq m
- SECTOR
Mixed use property for sale
Key features
- For Sale
- Mixed investment property
- Retail shop
- 4 Flats on ground and first floor
- Overall floor area 2816 sqft (261.6 sqm)
- ASTs and leases available
- EPC on shop ordered
- EPCS flats D-C
Description
An excellent opportunity to acquire this mixed investment property comprising 4 x 1 bed flats and a retail shop producing £20,005 pax which has potential for rental growth as the properties are let below market rents
Location
The property is situated in a mixed secondary commercial and residential area of the town and is within 1.5 miles of the town centre. The property is close to the A180 and road network.
ACCOMMODATION
The accommodation comprises 4 flats and a retail shop as follows Ground floor overall area 1634 sqft (151.8 sqm)First Floor overall area 1182 sqft (109.8 sqm)Total 2816 sqft (261.6 sqm)Small rear yard area
PLANNING
The property has established planning for A1 retail and C3 Residential use.
SERVICES
Mains gas, electricity, water and drainage are connected but have not been tested
TENURE
The property is to be sold subject to the following tenancies.125-127 shop rent = £2880 pax125a = £4152 pax125b = £4419..96 pax127a = £4152 pax127b = £4160.04 pax Total Rental Income = £20,0005.20 pax
RATEABLE VALUE
The shop has a rateable value of £4800 Each flat has a council tax A banding
CEPC
EPCs D-C for the flats EPC has been ordered for the shop
LEGAL COSTS
Each party are responsible for their own legal costs
VAT
The price is expressed is exclusive of VAT if applicable
LOCAL AUTHORITY
Contact North East Lincolnshire Council Municipal Offices Town Hall Square Grimsby North East Lincolnshire DN31 1HU Tel
VIEWINGS
Contact Pygott & Crone Commercial 36a Silver Street Lincoln LN2 1EWTel
Corporation Road, Grimsby, Lincolnshire, DN31
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Grimsby Town Station0.6 miles
- Grimsby Docks Station0.7 miles
- New Clee Station1.4 miles
Notes
Disclaimer - Property reference 10678050. 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 PYGOTT & CRONE COMMERCIAL, Lincoln. 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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