- Investment Opportunity
- Freehold Property
- Current Income Being Achieved £13,900
- Close Proximity To Grimsby Town Football Stadium
- Comprising Of Commercial Retail Unit & 3 Flats
This property listing is now SSTC
Retail Property (High Street) for sale in Lincolnshire
ATTENTION INVESTORS.
A great opportunity has arisen to purchase this part-let investment property, situated in a prominent position on Grimsby Road. The property comprises a Ground floor retail unit with three additional one bed flats, achieving a combined rent of £13,900 Per Annum, equating to a gross initial yield of 7.12%.
The ground floor retail unit features a main retail area, office and workshop space, W.C and kitchenette, which is approximately 49sqm /528 sqft. There are three flats included, one of which has a separate rear access and the other two have shared access from the front elevation and are above the retail unit.
We understand that the two out of the three residential flats are currently tenanted on AST’s, with the vacant undergoing planning to be changed from a commercial dwelling, back to a residential. The Ground floor retail unit is tenanted on a three-year lease agreement, which commenced on 2nd November 2024 and is achieving £5,200 Per Annum.
The property is strategically situated on Grimsby Road (A180), linking Grimsby and Cleethorpes, and provides easy access out of town via the M180. This property presents a secure, long-term investment opportunity, offering both commercial and residential income streams in a highly sought-after location. Contact us today to learn more or schedule a viewing.
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: A
- EPC Rating is D
Property Ref: VAL250006
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Jackson Green & Preston (Grimsby)
19 West Saint Marys Gate, Grimsby, Lincolnshire, DN31 1LE
01472 311 113
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