47 Grimsby Road, Cleethorpes
£62.36 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,165 sq ft
201 sq m
- 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
- Fully Let to Separate Tenants
- Asset Management Potential
- Forms Part of a Popular Parade
- Investment Let at £14,431 p.a. (10% GIY on Guide Price)
- Investment Let at £18,431 p.a. (13.65% GIY on Guide Price)
Description
Arranged as two ground floor retail units with two separately accessed flats to the upper parts, the property is fully let to four tenants on separate leases producing a total rent of £18,431 per annum.
We understand the property includes a small vacant store/warehouse to the rear which could also be let separately, improving rents further.
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 BDBE8449-0521-4920-9A00-81D16D4DF809. 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- Commercial. 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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