- Substantial mixed-use investment property
- Fully let producing approximately £17,482 per annum
- Ground floor retail unit recently re-let
- Two self-contained residential flats
- Two-bedroom flat let at £521.88 PCM
- Three-bedroom flat let at £560 PCM
- Situated within established residential location
- Producing an attractive gross yield of approximately 9.71%
Not Specified for sale in Grimsby
A fantastic opportunity to acquire this substantial mixed-use investment property situated within a well-established and densely populated residential location. The property represents an excellent ready-made investment opportunity and is fully let, currently generating an income in the region of £17,482 per annum. The accommodation comprises a substantial ground floor retail unit occupying a prominent roadside position, together with two self-contained residential flats above. The commercial premises have recently been re-let at £4,500 per annum, whilst the residential accommodation comprises a spacious two-bedroom flat currently let at £521.88 PCM and a well-proportioned three-bedroom flat let at £560 PCM. The property occupies a prominent position within an established parade serving the surrounding residential area and benefits from strong long-term investment fundamentals with income diversification across both commercial and residential elements. At the asking price, the property produces an attractive gross yield of approximately 9.2%, making this an ideal acquisition for both experienced and first-time investors seeking a strong income-producing asset with immediate returns. Early viewing is highly recommended to fully appreciate the size, income potential and investment credentials of this substantial mixed-use premises.
Important Information
- This is a Freehold property.
Property Ref: a2b2b4a6-c97a-4432-ae56-69689d28a0d1
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