- VIDEO VIEWING AVAILABLE
- Prominent Position In Cleethorpes
- Mixed Use Building For Sale - Part Tenanted
- Including Part Commercial & Part Residentail
- Immediate Income
Retail Property (High Street) for sale in Lincolnshire
Jackson, Green and Preston are delighted to offer to the market this mixed-use building, located in the heart of Cleethorpes. The property is within short distance to Cleethorpes seafront and town centre and is situated on the well-established Grimsby Road, which is a main arterial road linking Grimsby and Cleethorpes and the A180/M180. As such, the property enjoys a high degree of passing traffic.
The premises briefly comprises a main retail/ office area approximately 25 sqm/ 269 sqft, a storage room, kitchenette and w.c. There are also two flats included, both of which are currently tenanted, the ground-floor flat is receiving £495 PCM and the first-floor flat £600 PCM, totalling £13,140 and generating a yield of 7.3%. The commercial element is currently vacant but being advertised for £500 PCM. Once fully-let, the yield that could be achieved is 10.63%.
This is a fantastic opportunity for a potential investor that is looking to receive an income from day one.
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: A
- EPC Rating is C
Property Ref: GRS240152
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Jackson Green & Preston (Grimsby)
19 West Saint Marys Gate, Grimsby, Lincolnshire, DN31 1LE
01472 311 113
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