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COMMERCIAL

Market Street, Cleethorpes, DN35

£300,000
Jackson Green and Preston, Grimsby
PROPERTY TYPE

Mixed Use

BEDROOMS

1

BATHROOMS

1

SIZE

Ask agent

Key features

  • • Investment Property For Sale
  • • The Ground Floor Is Currently Occupied By "Me2Raj Restaurant" Paying £1,200 PC
  • • Freehold Property
  • • Prominent Position In Cleethorpes
  • • 2 Flats Acheiving £1,150 PCM But Will Be Vacant Upon Completion

Description

Jackson, Green and Preston are delighted to offer to the market this mixed-used property, which would be a great addition to any investors portfolio. The property comprises a ground-floor commercial element, which is currently occupied by the well established Me2Raj restaurant, with an additional two flats above. The ground-floor is currently achieving £1,300 Per Calendar Month, and should the investment be fully tenanted, we anticipate the property to achieve around £28,200 Per Annum, which would equate to a Gross Initial Yield of 8.81%. *Please note, both flats are currently occupied by the owners and will be sold vacant upon completion* A fantastic opportunity, not to be missed.

Main Retail/Restaurant Area

24.59m x 4.57m

Including laminate flooring, timber single glazed window and entrance door, led lighting, air-conditioning unit and wall radiator. Including a bar area.

W.C.

2.21m x 1.55m

with tiled flooring, sink basin and low flush w.c.

Kitchen

4.39m x 3.2m

With appliances belonging to the tenant, vinyl flooring.

Store Room

2.82m x 2.79m

Including large fridge area and combi boiler.

Kitchen

3.58m x 3.05m

Benefitting from tiled flooring, single glazed timber window and wall and base units.

Living Room

3.91m x 4.42m

With a timber double glazed window, suspended ceiling, laminate flooring and radiator.

Bedroom 1

3.99m x 2.87m

With Laminate flooring.

Bedroom 2

3.66m x 3.23m

With single glazed timber window and laminate flooring.

Bathroom

3m x 1.7m

With tiled flooring and walls. Low flush w.c., sink with pedestal and walk in shower.

Kitchen

3.96m x 3.2m

Including tiled flooring, wall and base units, sink and drainer.

Living Room

3.96m x 3.02m

With laminate flooring, radiator and a timber single glazed window.

Bedroom 1

4.27m x 4.17m

With timber single glazed bay window and laminate flooring.

Bathroom

2.24m x 1.68m

Including bath with overhead shower, tiled flooring, w.c. and sink basin.

Business Rates

The rateable value as of 1st April 2023 is £9,400. This an online enquiry and all interested parties are advised to make their own enquiries.

Broadband & Mobile Phone Coverage

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

Council Tax Band A (Each Flat)

This information was obtained on the 8th January 2025 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

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.

Market Street, Cleethorpes, DN35

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cleethorpes Station0.1 miles
  • New Clee Station1.5 miles
  • Grimsby Docks Station2.1 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 a2b2b603-d85d-46ec-a61f-6ce97058b7a6. 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.