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Oxford Street, Grimsby, Lincolnshire, DN32

Key features

  • Substantial mixed-use investment property
  • Fully let producing approximately £17,482 per annum
  • Ground floor retail unit recently re-let
  • Two self-contained residential flats
  • Two-bedroom flat let at £521.88 PCM
  • Three-bedroom flat let at £560 PCM
  • Situated within established residential location
  • Producing an attractive gross yield of approximately 9.71%

Description

A fantastic opportunity to acquire this substantial mixed-use investment property situated within a well-established and densely populated residential location. The property represents an excellent ready-made investment opportunity and is fully let, currently generating an income in the region of £17,482 per annum.
The accommodation comprises a substantial ground floor retail unit occupying a prominent roadside position, together with two self-contained residential flats above. The commercial premises have recently been re-let at £4,500 per annum, whilst the residential accommodation comprises a spacious two-bedroom flat currently let at £521.88 PCM and a well-proportioned three-bedroom flat let at £560 PCM.
The property occupies a prominent position within an established parade serving the surrounding residential area and benefits from strong long-term investment fundamentals with income diversification across both commercial and residential elements.
At the asking price, the property produces an attractive gross yield of approximately 9.2%, making this an ideal acquisition for both experienced and first-time investors seeking a strong income-producing asset with immediate returns.
Early viewing is highly recommended to fully appreciate the size, income potential and investment credentials of this substantial mixed-use premises.

COMMERCIAL

Ground Floor

Main Retail Area

27'9" (8.46) maximum x 25'8" (7.82) minimum With aluminium frame single glazed entrance frontage.

Ancillary Retail

35'10" (10.91) maximum x 9'2" (2.8) maximum A useful ancillary retail area that could easily be blocked off to provide further storage or office space.

W.C.'s

Male and female toilets with WC and hand basin.

Office/Store

3.5m x 2.57m

Kitchen

3.94m x 3.05m

Rear W.C.

Tenancy

The property is currently let and generating an income of £4,500 per annum.

FLAT 126A

Tenancy

The property is currently let and generating an income of £560 per calendar month.

FLAT 128A

Living Room

With uPVC double glazed window and radiator.

Kitchen

With a range of wall and base units incorporating stainless steel sink/drainer, space/plumbing for white goods, tiled splashbacks, laminate effect flooring, radiator and uPVC double glazed window.

Bedroom 1

With uPVC double glazed window and radiator.

Bedroom 2

With uPVC double glazed window and radiator.

Bathroom

Comprising panelled bath with shower attachment, low flush WC and pedestal wash hand basin. With tiled walls and uPVC double glazed window.

Tenancy

The property is currently let and generating an income of £521.88 per calendar month.

Business Rates

The rateable value as of 1st April 2026 is £3,400. All interested parties are advised to make their own enquiries.

Selective Licensing

This property has been identified as being within a Selective Licensing area. Whilst every endeavour has been made to ensure this information is correct, landlords are advised to contact North East Lincolnshire Council to confirm the position and to ensure compliance with any applicable regulations.

Broadband & Mobile Phone Coverage

Please use the following link to check the mobile phone and broadband coverage for this property.

Services

We have not tested or inspected any heating systems, fixtures, appliances or services, purchasers should rely on their own survey.

Council Tax Band A (Each Flat)

This information was obtained on the 11th May 2026 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation. Additionally, there may be circumstances when the Council Tax can be altered on change of ownership. All interested parties are advised to make their own enquiries. See

Property Management

Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs. Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail ( ) for some informal advice. Further information is also available on our website at

Property To Sell

Do you have a property to sell? For professional valuation advice, contact our Grimsby Office ). One of our experienced valuers will be happy to provide a free marketing appraisal of your property.

Surveys

Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors. To discuss your survey needs, please contact our Survey Department on .

Sources Of Useful Information

Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.

Mortgage Advice

Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide their clients with expert mortgage and protection advice. We have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service. We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Mortgage Advice Bureau (truncated)

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Oxford Street, Grimsby, Lincolnshire, DN32

Approximate location

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Affordability

Monthly repayments£803
Property: £ 160,000
Deposit: £ 16,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
Recently sold & under offer
See similar nearby properties

About Jackson Green and Preston, Grimsby

19 West St. Marys Gate, Grimsby, DN31 1LE
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

About Us

Founded in 1920, Jackson Green & Preston is Grimsby and Cleethorpes largest and best known local Estate Agency, with over 95 years experience in the property market and currently having 400 or so properties on the market through our agency.

In 2011, on the retirement of the Partners in Goudes Chartered Surveyors, we acquired their very successful Lettings and Management Department, reinforcing our position as one of Grimsby's premier Management Agents.

In 2016, following the retirement of the principal of Bacons Property Management, we were again approached and offered the opportunity to further enhance our position as Grimsby's leading lettings specialist by acquiring Bacons Property Management.

We are members of the Guild Property Professionals and we provide a level of service that meets a high standard of knowledge, integrity, and results. Don't just take our word for it, read some of our testimonials below.

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Disclaimer - Property reference GRS260749. 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 Jackson Green and Preston, Grimsby. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.