103 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 cafe with the first floor comprising a self-contained two-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.

Click here to view the property portfolio

Summary

Key points

• Two storey mixed use premises totalling 133.92 sq m (1,442 sq ft) approx.
• Total income of £11,206.88 per annum (8.70% Net Initial Yield assuming typical purchasers costs).
• Freehold premises subject to existing Lease and Assured Shorthold Tenancy.
• Ground floor currently Let at £6,517.88 pax subject to a 10 year Lease which expires 20.08.2030.
• First floor Let by way of an Assured Shorthold Tenancy (AST) at a rent of £4,689 per annum.

Read More