47 Grimsby Road, Cleethorpes, South Humberside, DN35 7AQ
Guide Price
£129,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- FANTASTIC OPPORTUNITY TO ACQUIRE A MIXED USE INVESTMENT PROPERTY
- SITUATED IN THE HEART OF CLEETHORPES***TWO GROUND FLOOR RETAIL UNITS WITH TWO SELF CONTAINED FLATS TO THE UPPER FLOORS
- OFFERS SIGNIFICANT ASSET MANAGEMENT POTENTIAL
Description
FOR SALE BY ONLINE AUCTION ON WEDNESDAY 26TH OF AUGUST 2026 AT 9AM - ***FANTASTIC OPPORTUNITY TO ACQUIRE A MIXED USE INVESTMENT PROPERTY***SITUATED IN THE HEART OF CLEETHORPES***TWO GROUND FLOOR RETAIL UNITS WITH TWO SELF CONTAINED FLATS TO THE UPPER FLOORS***OFFERS SIGNIFICANT ASSET MANAGEMENT POTENTIAL***TOTAL ANNUAL RENTAL INCOME - £18,060 (14% ANNUAL YIELD BASED ON GUIDE PRICE)***
Occupying a highly visible position on the bustling Grimsby Road, one of Cleethorpes' principal commercial thoroughfares, the property benefits from strong passing pedestrian and vehicular traffic. The surrounding area is home to a diverse range of independent retailers, national occupiers, cafs, takeaways and local services, ensuring a vibrant trading environment and sustained demand from both commercial and residential occupiers.
The property presents an attractive opportunity for investors seeking to enhance rental income through active management, refurbishment, re-letting or lease restructuring (subject to any necessary consents). The combination of commercial and residential accommodation provides a balanced income profile with the potential for future capital growth.
Cleethorpes is a well-established coastal town on the Lincolnshire coast, popular with residents, visitors and commuters alike. The town offers a wealth of amenities including supermarkets, restaurants, schools, leisure facilities and its renowned seafront promenade. Excellent transport links are available via the nearby A180, providing direct access to the M180 motorway network, while Cleethorpes and Grimsby Town railway stations offer regular services to regional destinations.
Whether you're an experienced investor looking to expand your portfolio or seeking a property with genuine asset management potential, this mixed-use investment represents an outstanding opportunity in a well-established and popular location.
Key Features
- Prominent mixed-use investment opportunity.
- Comprising 2 ground floor retail units and 2 self-contained flats.
- Located on a busy and well-established commercial parade.
- Attractive value-add and asset management potential.
- Scope to increase rental income and enhance long-term value (subject to relevant consents).
- Excellent transport links and local amenities.
- Ideal addition to an investment portfolio.
***DESCRIPTION***
- Value-Add Mixed-Use Investment Opportunity
- 2 x Retail Units and 2 x Flats to the Upper Parts
- Property is fully let
- Evident Asset Management
The property comprises a freehold mixed-use investment forming part of a popular local parade.
Arranged as two ground floor retail units with two separately accessed flats to the upper parts.
Residential rents:
47B - £80 Weekly (£4,160 per annum)
47C - £400PCM (£4,800 per annum)
Commercial rents:
Tattoo pays: £5100 pa.
47a is a tail lift parts company at £4,000 pa
TOTAL ANNUAL RENTAL INCOME - £18,060 (14% ANNUAL YIELD BASED ON GUIDE PRICE)
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 91, Sandringham Road, Cleethorpes, DN35 9DS - Semi Detached - 3 bedroom - SOLD APR'26 - £155,250
- 40, St Hughs Avenue, Cleethorpes, DN35 8EB - Semi Detached - 3 bedroom - SOLD APR'26 - £161,000
- 11, Pytchley Walk, Cleethorpes, DN35 0RS - Detached - 3 bedroom - SOLD APR'26 - £215,000
Cleethorpes is a seaside town on the estuary of the Humber in North East Lincolnshire, Lincolnshire, England with a population of 29,670 in 2021. It has been permanently occupied since the 6th century, with fishing as its original industry, and then developing into a resort in the 19th century. Before becoming a unified town, Cleethorpes was made up of the three small villages of Itterby, Oole and Thrunscoe.
The town lies on the prime meridian, also known as the Greenwich meridian, and its average annual rainfall is amongst the lowest in the British Isles.[3]
In 2021, Trainline named Cleethorpes beach the second best seaside destination in the UK that is reachable by train, just behind Margate.
***TRANSPORT IN CLEETHORPES***
Cleethorpes railway station is served by three train operating companies:
TransPennine Express operate hourly trains to Doncaster, Sheffield, Manchester Piccadilly and Liverpool Lime Street; they also manage the station;
East Midlands Railway run two-hourly trains to Barton upon Humber, via Grimsby Town for a bus link to Hull. They also operate two-hourly trains to Matlock via Lincoln and Nottingham. On Sundays, there are three trains per day to Matlock all year and four to Barton-on-Humber during the summer months only.
Northern Trains operates a limited service of one train per day to Sheffield via Brigg which operates on Mondays to Fridays only.
Trains to London King's Cross, Peterborough, Leeds, Bradford Interchange, York, Newcastle and Edinburgh are available by travelling to Doncaster and changing there. Connections to Leicester are available by changing at Nottingham, for services run by East Midlands Railway.
Bus services to Grimsby, Immingham and nearby villages are operated by Stagecoach East Midlands. There is a bus service to Skegness, via Louth, which runs once a day on weekends in the summer.
The Cleethorpes area is served by the following roads:
A16 between Grimsby and Peterborough;
A46 to Bath;
A180 to Barnetby-le-Wold.
***EDUCATION IN CLEETHORPES***
Secondary schools in Cleethorpes include Cleethorpes Academy and Beacon Academy.
From September 2011, N.E. Lincolnshire SSP was the only remaining School Sports Partnership after government funding cuts.
***THINGS TO DO IN CLEETHORPES***
The seaside resort of Cleethorpes lies on the Humber Estuary; thus the sea at Cleethorpes is the mouth of the Humber. There are several hundred metres of sand at low tide.
The sea front provides views of shipping traffic entering and leaving the Humber for the ports of Grimsby, Immingham, Hull and Goole.[36]
Two large fortifications, the Humber Forts, are visible in the mouth of the river. On a clear day, the lighthouse situated on Spurn Point can be seen with the naked eye from the North Beach.
There is a Royal National Lifeboat Institution station near the pier and next to the Coastguard on Central Promenade. Work began on a new, larger RNLI station in 2022. Cleethorpes Rescue also protect the beach.
*The Boating Lake*
Cleethorpes has a large boating lake with many varieties of ducks, swans and geese. There is also a 62.01-hectare (153.2-acre) local nature reserve: Cleethorpes Country Park, situated between the resort and the village of Humberston. To the south of Cleethorpes, near Humberston, is a yacht club.
*Ross Castle*
The Cleethorpes Leisure Centre was opened in 1983 to replace the open bathing pool that was wrecked by storms on 11 January 1978. The leisure centre contains a 33-metre pool, 1.8 metres deep, as well as a water slide and a wave machine. The building also contains a gym and a sports hall. In 2012, major work was carried out to the roof of the building due to water damage.
*Kingsway gardens and seafront*
Ross Castle, a mock ruin of a castle built in 1885 by the Manchester, Sheffield and Lincolnshire Railway, was named after Edward Ross, secretary of the railway company. Its height was the highest point on the cliffs. After a period of closure, the castle was renovated, re-opening in June 2008 to the public. Possibilities of a further closure have been raised after a woman fell to her death on 9 January 2009.
In 2007 the town was the Royal Horticultural Society's Britain in Bloom award winner in the coastal category. The town was also received a Silver-Gilt award, a tourism award (for Lollipop Road Train) and Jeff Blanchard the Shredded Wheat Community Champions award
The town is home to Cleethorpes Beach Holiday Park, currently run by Haven Holidays. Due to its former name, Thorpe Park Holiday Centre, bearing a strong resemblance to the Thorpe Park Resort theme park in Thorpe, Surrey, there was a glitch on Google Maps that mistook the two, accidentally sending people going to the theme park to the Haven and vice versa. This, alongside confusion between the two, and possible private legal action from Merlin Entertainments, the current owners of Thorpe Park, influenced Haven to rebrand the park.
Other visitor attractions
- Cleethorpes Pier
- Cleethorpes Coast Light Railway
- Cleethorpes Pier
- Discovery Centre
- Floyd the Dragon - The Cleethorpes mascot
- Meridian Point
GUIDE PRICE - £129,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
Occupying a highly visible position on the bustling Grimsby Road, one of Cleethorpes' principal commercial thoroughfares, the property benefits from strong passing pedestrian and vehicular traffic. The surrounding area is home to a diverse range of independent retailers, national occupiers, cafs, takeaways and local services, ensuring a vibrant trading environment and sustained demand from both commercial and residential occupiers.
The property presents an attractive opportunity for investors seeking to enhance rental income through active management, refurbishment, re-letting or lease restructuring (subject to any necessary consents). The combination of commercial and residential accommodation provides a balanced income profile with the potential for future capital growth.
Cleethorpes is a well-established coastal town on the Lincolnshire coast, popular with residents, visitors and commuters alike. The town offers a wealth of amenities including supermarkets, restaurants, schools, leisure facilities and its renowned seafront promenade. Excellent transport links are available via the nearby A180, providing direct access to the M180 motorway network, while Cleethorpes and Grimsby Town railway stations offer regular services to regional destinations.
Whether you're an experienced investor looking to expand your portfolio or seeking a property with genuine asset management potential, this mixed-use investment represents an outstanding opportunity in a well-established and popular location.
Key Features
- Prominent mixed-use investment opportunity.
- Comprising 2 ground floor retail units and 2 self-contained flats.
- Located on a busy and well-established commercial parade.
- Attractive value-add and asset management potential.
- Scope to increase rental income and enhance long-term value (subject to relevant consents).
- Excellent transport links and local amenities.
- Ideal addition to an investment portfolio.
***DESCRIPTION***
- Value-Add Mixed-Use Investment Opportunity
- 2 x Retail Units and 2 x Flats to the Upper Parts
- Property is fully let
- Evident Asset Management
The property comprises a freehold mixed-use investment forming part of a popular local parade.
Arranged as two ground floor retail units with two separately accessed flats to the upper parts.
Residential rents:
47B - £80 Weekly (£4,160 per annum)
47C - £400PCM (£4,800 per annum)
Commercial rents:
Tattoo pays: £5100 pa.
47a is a tail lift parts company at £4,000 pa
TOTAL ANNUAL RENTAL INCOME - £18,060 (14% ANNUAL YIELD BASED ON GUIDE PRICE)
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 91, Sandringham Road, Cleethorpes, DN35 9DS - Semi Detached - 3 bedroom - SOLD APR'26 - £155,250
- 40, St Hughs Avenue, Cleethorpes, DN35 8EB - Semi Detached - 3 bedroom - SOLD APR'26 - £161,000
- 11, Pytchley Walk, Cleethorpes, DN35 0RS - Detached - 3 bedroom - SOLD APR'26 - £215,000
Cleethorpes is a seaside town on the estuary of the Humber in North East Lincolnshire, Lincolnshire, England with a population of 29,670 in 2021. It has been permanently occupied since the 6th century, with fishing as its original industry, and then developing into a resort in the 19th century. Before becoming a unified town, Cleethorpes was made up of the three small villages of Itterby, Oole and Thrunscoe.
The town lies on the prime meridian, also known as the Greenwich meridian, and its average annual rainfall is amongst the lowest in the British Isles.[3]
In 2021, Trainline named Cleethorpes beach the second best seaside destination in the UK that is reachable by train, just behind Margate.
***TRANSPORT IN CLEETHORPES***
Cleethorpes railway station is served by three train operating companies:
TransPennine Express operate hourly trains to Doncaster, Sheffield, Manchester Piccadilly and Liverpool Lime Street; they also manage the station;
East Midlands Railway run two-hourly trains to Barton upon Humber, via Grimsby Town for a bus link to Hull. They also operate two-hourly trains to Matlock via Lincoln and Nottingham. On Sundays, there are three trains per day to Matlock all year and four to Barton-on-Humber during the summer months only.
Northern Trains operates a limited service of one train per day to Sheffield via Brigg which operates on Mondays to Fridays only.
Trains to London King's Cross, Peterborough, Leeds, Bradford Interchange, York, Newcastle and Edinburgh are available by travelling to Doncaster and changing there. Connections to Leicester are available by changing at Nottingham, for services run by East Midlands Railway.
Bus services to Grimsby, Immingham and nearby villages are operated by Stagecoach East Midlands. There is a bus service to Skegness, via Louth, which runs once a day on weekends in the summer.
The Cleethorpes area is served by the following roads:
A16 between Grimsby and Peterborough;
A46 to Bath;
A180 to Barnetby-le-Wold.
***EDUCATION IN CLEETHORPES***
Secondary schools in Cleethorpes include Cleethorpes Academy and Beacon Academy.
From September 2011, N.E. Lincolnshire SSP was the only remaining School Sports Partnership after government funding cuts.
***THINGS TO DO IN CLEETHORPES***
The seaside resort of Cleethorpes lies on the Humber Estuary; thus the sea at Cleethorpes is the mouth of the Humber. There are several hundred metres of sand at low tide.
The sea front provides views of shipping traffic entering and leaving the Humber for the ports of Grimsby, Immingham, Hull and Goole.[36]
Two large fortifications, the Humber Forts, are visible in the mouth of the river. On a clear day, the lighthouse situated on Spurn Point can be seen with the naked eye from the North Beach.
There is a Royal National Lifeboat Institution station near the pier and next to the Coastguard on Central Promenade. Work began on a new, larger RNLI station in 2022. Cleethorpes Rescue also protect the beach.
*The Boating Lake*
Cleethorpes has a large boating lake with many varieties of ducks, swans and geese. There is also a 62.01-hectare (153.2-acre) local nature reserve: Cleethorpes Country Park, situated between the resort and the village of Humberston. To the south of Cleethorpes, near Humberston, is a yacht club.
*Ross Castle*
The Cleethorpes Leisure Centre was opened in 1983 to replace the open bathing pool that was wrecked by storms on 11 January 1978. The leisure centre contains a 33-metre pool, 1.8 metres deep, as well as a water slide and a wave machine. The building also contains a gym and a sports hall. In 2012, major work was carried out to the roof of the building due to water damage.
*Kingsway gardens and seafront*
Ross Castle, a mock ruin of a castle built in 1885 by the Manchester, Sheffield and Lincolnshire Railway, was named after Edward Ross, secretary of the railway company. Its height was the highest point on the cliffs. After a period of closure, the castle was renovated, re-opening in June 2008 to the public. Possibilities of a further closure have been raised after a woman fell to her death on 9 January 2009.
In 2007 the town was the Royal Horticultural Society's Britain in Bloom award winner in the coastal category. The town was also received a Silver-Gilt award, a tourism award (for Lollipop Road Train) and Jeff Blanchard the Shredded Wheat Community Champions award
The town is home to Cleethorpes Beach Holiday Park, currently run by Haven Holidays. Due to its former name, Thorpe Park Holiday Centre, bearing a strong resemblance to the Thorpe Park Resort theme park in Thorpe, Surrey, there was a glitch on Google Maps that mistook the two, accidentally sending people going to the theme park to the Haven and vice versa. This, alongside confusion between the two, and possible private legal action from Merlin Entertainments, the current owners of Thorpe Park, influenced Haven to rebrand the park.
Other visitor attractions
- Cleethorpes Pier
- Cleethorpes Coast Light Railway
- Cleethorpes Pier
- Discovery Centre
- Floyd the Dragon - The Cleethorpes mascot
- Meridian Point
GUIDE PRICE - £129,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
Brochures
47 Grimsby Road, Cleethorpes, South Humberside, DN35 7AQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- New Clee Station0.3 miles
- Grimsby Docks Station0.9 miles
- Cleethorpes Station1.2 miles
Notes
These notes are private, only you can see them.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”