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COMMERCIAL

Oxford Street, Grimsby, DN32

£150,000
Jackson Green and Preston, Grimsby
PROPERTY TYPE

Mixed Use

BEDROOMS

2

SIZE

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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.

Oxford Street, Grimsby, DN32

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • New Clee Station0.3 miles
  • Grimsby Docks Station0.7 miles
  • Grimsby Town Station1.1 miles

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.

Notes

These notes are private, only you can see them.

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.