£125,000
(£86.69/sq. ft)
Property for saleGrimsby Road, Cleethorpes, North East Lincolnshire DN35
1,442 sq. ft
About this property
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.
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
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.
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 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.
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