£160,000
(£76.63/sq. ft)
Property for sale42-43 Alexandra Road, Cleethorpes, North East Lincolnshire DN35
2,088 sq. ft
About this property
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%.
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.
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.
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