203 Grimsby Road, Cleethorpes, DN35 7HB

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 barbers together with a separate self-contained 1 bed flat, with the first floor comprising a self-contained two-bedroom flat.

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 44.84 sq m (483 sq ft) approx.
• Total income of £14,047 per annum (9.09% Net Initial Yield).
• Freehold premises subject to existing Lease and Assured Shorthold Tenancy.
• Ground floor currently Let at £4,171 pax subject to a 10 year Lease which expires 20.08.30.
• Ground floor 1 bed flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £4,680 per annum.
• First floor 2 bed flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £5,196 per annum.

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