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Oxford Street, Grimsby, 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.

Main Retail Area

8.53m x 7.62m

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

Ancillary Retail

10m x 2.8m

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 3m

Dimensions: 3.94m x 3.05m.

Tenancy

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

Disclaimer

Disclaimer
Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only. They have been prepared in good faith and they are not intended to constitute part of an offer of contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of any fixture or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked prior to agreeing a sale.

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.
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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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Energy performance certificate - ask agent

Oxford Street, Grimsby, DN32

Approximate location

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Affordability

Monthly repayments£778
Property: £ 160,000
Deposit: £ 16,000
Interest rate: 5.05%
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
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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 a2b2b4aa-cd20-476d-a6be-729f11d270c4. 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.