Oxford Street, Grimsby

Asking Price
£125,000

Mixed Use for sale in Lincolnshire

  • Mixed-use investment opportunity
  • Retail beauty salon premises
  • Two self-contained flats
  • Electric roller shutters
  • uPVC windows and doors
  • Residential and commercial accommodation
  • Well-presented throughout
  • Ideal buy-to-let investment

This substantial mixed-use commercial property presents an excellent investment opportunity, comprising a ground floor retail unit currently operating as a beauty shop together with two self-contained residential flats. Positioned within a prominent and accessible location, the property offers a versatile combination of commercial and residential accommodation, making it ideal for investors seeking a property with multiple income streams.

The property is currently producing a combined rental income of approximately £14,380 per annum, providing an established return with further potential for future growth.

The ground floor retail premises is currently utilised as a beauty business and benefits from a prominent frontage with a uPVC display window and front entrance door together with an electric roller shutter providing additional security. The retail area offers a bright and functional trading space suitable for a variety of retail or service-based uses. To the rear is an additional work and preparation area fitted with a uPVC window, electric roller shutter, sink with drainer and base units, providing useful workspace and storage facilities. There is also a separate staff/customer toilet fitted with a wash basin, low-level WC and vinyl flooring.

In addition to the commercial premises, the property benefits from two residential flats, both providing self-contained accommodation and further rental potential.

The ground floor flat briefly comprises a fitted kitchen with a range of wall and base units, sink with drainer and mixer taps, vinyl flooring, plumbing and space for a washing machine, space for a cooker, together with a recently installed Ideal Logic Combi C30 boiler. The bathroom includes a low flush WC, pedestal wash basin, bath with shower over, radiator, vinyl flooring and uPVC window. The bedroom benefits from a uPVC window and radiator, while the living room features a large window, wood effect flooring and a uPVC rear access door leading to the rear of the property.

The first floor flat provides further self-contained accommodation and comprises a bedroom with uPVC window and radiator, a living room with uPVC window and radiator, a bathroom fitted with a toilet, wash basin, bath with shower over and vinyl flooring, together with a fitted kitchen incorporating wall and base units, boiler, space for a washing machine, radiator and vinyl flooring.

Overall, this is a rare opportunity to acquire a well-configured mixed-use property offering a retail/business premises alongside two residential units, all producing an established rental income. The property benefits from uPVC windows and doors throughout, practical layouts and strong potential for continued commercial and residential demand, making it an attractive addition to any investment portfolio.

Important Information

  • This is a Freehold property.
  • EPC Rating is D

Property Ref: GRS260352

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