Lord Street, Grimsby, DN31

Investment Opportunity | Two Self-Contained Flats, Former Shop & Garage | BEING SOLD VIA SECURE SALE ONLINE BIDDING. Terms & Conditions apply - Starting Bid £45,000

An interesting investment opportunity to acquire this substantial end-terrace property, situated on Lord Street in Grimsby, within convenient reach of the town centre and its amenities. The property has been divided to provide two self-contained flats together with a separately let former ground-floor shop premises and a garage to the rear, offering considerable potential for improvement and future development, subject to any necessary consents.

The ground-floor flat is approached via a small enclosed side yard and comprises an entrance into the kitchen, shower room, living room, hallway and one bedroom. The accommodation benefits from double glazing and gas-fired central heating but is in need of comprehensive refurbishment and modernisation throughout. The flat is occupied by a long-standing tenant and currently produces a rental income of £4,380 per annum.

The first-floor flat has its own ground-floor entrance with a staircase leading to the first-floor accommodation, comprising a living room, two bedrooms, kitchen and wet room. Whilst offering generously proportioned accommodation, the flat would also benefit from a programme of updating and improvement. The current rental income is £6,000 per annum.

An additional feature of the property is the former shop premises, previously trading as the Butty Barn, which occupies a prominent ground-floor position fronting Lord Street. Measuring approximately 5.26m x 4.40m, the premises are currently let and used for storage purposes, with the shop and garage together generating an additional £2,580 per annum. Subject to the necessary planning and building regulations consents, the former shop could potentially be incorporated into the ground-floor flat to provide additional accommodation or refurbished for commercial use.

Externally, the property benefits from a small side yard providing access to the ground-floor flat, together with a garage situated to the rear.

Currently producing a combined rental income of £12,960 per annum, the property offers an attractive income-producing investment with considerable potential for enhancement through refurbishment. Based on the advertised starting bid of £45,000, the passing rent represents an exceptional indicative gross yield of approximately 28.8%, before expenses and purchasing costs. The actual yield will depend upon the eventual purchase price.

The property is likely to appeal particularly to experienced investors and developers seeking a refurbishment opportunity with an established rental income and scope to add value.

Viewing is essential to appreciate the accommodation, current condition and potential on offer.

Ground Floor Former shop

5.1m x 4.4m

Formerly the "Butty Bun" it has laminate flooring and storage cupboard and a uPVC window frontage with separate meterage for electric.

Kitchen

2.9m x 2.7m

With a range of wall and base units incorporating a sink unit with drainer. Gas fired central heating boiler. Radiator and uPVC double glazed window unit.

Shower Room

1.9m x 1.9m

With shower cubicle, low-flush w.c. and a pedestal basin. Radiator and uPVC double glazed window unit.

Living Room

2.9m x 4.6m

With radiator and uPVC double glazed window unit.

Bedroom

3.8m x 3.6m

With radiator and uPVC double glazed window unit.

Hall

With uPVC entrance door and stairs to first floor accommodation.

Living Room

4.2m x 3.7m

With laminate flooring. Radiator and uPVC double glazed window unit.

Bedroom 1

3.3m x 4.2m

With radiator and uPVC double glazed window unit.

Bedroom 2

2.7m x 3.2m

With radiator and uPVC double glazed window unit.

Wet Room

1.6m x 1.9m

Tiled and having non-slip drainage flooring and fitted with a low-flush w.c. and hand basin. Shower, extractor, radiator and uPVC double glazed window unit.

Kitchen

2.8m x 2.4m

With range of wall and base units incorporating a sink unit with drainer, gas fired central heating combination boiler, uPVC double glazed door and uPVC double glazed window unit. Access to roof terrace.

Auctioneers Additional Comments

Pattinson Auction (“Auctioneer”) and the Marketing Agent conduct this transparent online auction under conditional (Modern) or unconditional (Traditional) terms. Viewings are by appointment through either party. Bid via the Agent or Auctioneer’s website at any time, anywhere.
Enquiries, bids or viewings require your details to be shared between both parties. Bidders/buyers must complete identity checks required by AML law.
The Legal Pack, available on request, sets out documents, buyer obligations and seller commitments. Obtain a solicitor’s advice before buying property or land.
On exchange, the bidder must pay a non-refundable 5% deposit towards the price. A non-refundable reservation fee of up to 6% including VAT (minimum £6,000 including VAT) is payable, in addition to the price, and may affect SDLT liability.
Either party may refer details to third-party suppliers and receive a referral fee. You are not obliged to use them.

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 16th October 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 expert mortgage and protection advice. With access to over 12,000 mortgages from more than 90 lenders, they can help find a suitable mortgage, explain your options, recommend appropriate protection and manage the 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 amount payable will depend on your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
Mortgage Advice Bureau is a trading name of Brook Financial Services Limited, an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited, which are authorised and regulated by the Financial Conduct Authority.

Parking - Garage

There is an attached garage to the rear.

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.