£95,000
(£71.43/sq. ft)
Property for saleGrimsby Road, Cleethorpes, North East Lincolnshire DN35
1,330 sq. ft
About this property
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.
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.
Click here to view the property portfolio
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.
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
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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