101 Grimsby Road, Cleethorpes, DN35 7DD

Location

The property comprises a mid-terraced two storey mixed use premises of masonry construction surmounted by a pitched tiled roof. The ground floor provides a self-contained retail unit that is currently used as a takeaway, with the first floor comprising a self-contained one bedroom flat which is accessed via a staircase to the rear of the property.

This property currently forms part of a larger property portfolio consisting of various mixed-use properties situated along Grimsby Road, Cleethorpes. The property can therefore be transacted individually or as part of a portfolio sale.

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Summary

Key points

• Two storey mixed use premises totalling 123.61 sq m (1,330 sq ft) approx.
• Total income of £8,752.16 per annum (8.94% Net Initial Yield assuming typical purchasers costs).
• Freehold premises subject to existing Lease and Assured Shorthold Tenancy.
• Ground floor currently Let at £4,432.16 pax subject to a 5 year Lease which expires 20.08.2025.
• First floor Let by way of an Assured Shorthold Tenancy (AST) at a rent of £4,320 per annum.

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