- Mixed Use Premises
- Commercial Unit + 2 x 1 Bedroom Flats
- Flats Let At £7,020 Per Annum
- Expected Commercial Rent £4,800 Per Annum
- Yield 10.3%
- Long Term Tenants Wishing To Remain
- uPVC Double Glazing
- Modern Electric Heaters
Retail Property (High Street) for sale in Lincolnshire
A fantastic opportunity to purchase this mixed use premises, located in this popular location on Freeman Street. Nearby Vendors include Boots, Asda supermarket and Wilkos. The property includes a well proportioned ground floor retail area approximately 62.89sqm/676sqft in size, comprising of 2 w.c.'s and a generous sized basement of 48.51sqm/522.15 sqft. In addition to this, it also includes 2 first floor flats which are both currently let at £75 and £60 per week respectively, equating to £7,020 per annum. We anticipate the retail unit to generate an income of £4,800 per annum, which combined generates an income of £11,820 per annum. At the current asking price, this represents a yield of just shy of 10.3%, making this an extremely attractive investment opportunity.
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: A
- EPC Rating is F
Property Ref: GRS_VAL220100
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Jackson Green & Preston (Grimsby)
19 West Saint Marys Gate, Grimsby, Lincolnshire, DN31 1LE
01472 311 113
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