42-43 Alexandra Road, Cleethorpes, DN35 8LE

Location

The property is a Victorian property and comprises part ground and first floor being currently used as a café with a service yard/car parking to the rear which is accessed from Dolphin Street.

The property comprises a mid-terraced double fronted ground retail property which is now operating as a café and is currently laid out to provide a counter area with two separate seating areas, preparation area, kitchen, stores, WC's, including a disabled WC, together with a rear garage and a first floor office/store.

The property benefits from fitted lighting, together with gas central heating to wall mounted radiators.

Summary

Key points

• Current rental income of £17,000 per annum with potential rent increase in November 2023 to Market Rent or RPI, whichever be the higher.
• Popular seaside location.
• Net initial yield of 10.4%.

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