£125,000
(£68.95/sq. ft)
Property for saleGrimsby Road, Cleethorpes, North East Lincolnshire DN35
1,813 sq. ft
About this property
Two storey mixed use premises totalling 168.40 sq m (1,813 sq ft) approx.
Total income of £13,476 per annum (10.62% Net Initial Yield).
Freehold premises subject to existing Lease and Assured Shorthold Tenancies.
Ground floor shop (Hair Salon) currently Let at £4,650 pax subject to a 5 year Lease which expires 24.09.2028.
Ground floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £3,600 per annum.
First floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £5,196 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 hair salon and a separate self-contained 1 bed flat, with the first floor comprising a self-contained two-bedroom flat with courtyard/garden area.
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 168.40 sq m (1,813 sq ft) approx.
Total income of £13,476 per annum (10.62% Net Initial Yield).
Freehold premises subject to existing Lease and Assured Shorthold Tenancies.
Ground floor shop (Hair Salon) currently Let at £4,650 pax subject to a 5 year Lease which expires 24.09.2028.
Ground floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £3,600 per annum.
First floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £5,196 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 168.40 sq m (1,813 sq ft) approx.
Total income of £13,476 per annum (10.62% Net Initial Yield).
Freehold premises subject to existing Lease and Assured Shorthold Tenancies.
Ground floor shop (Hair Salon) currently Let at £4,650 pax subject to a 5 year Lease which expires 24.09.2028.
Ground floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £3,600 per annum.
First floor flat Let by way of an Assured Shorthold Tenancy (AST) at a rent of £5,196 per annum.
.png){kind=logo}