- 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%
Mixed Use for sale in Lincolnshire
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.
- This Council Tax band for this property is: A
- EPC Rating is C
Property Ref: VAL260025
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Jackson Green & Preston (Grimsby)
19 West Saint Marys Gate, Grimsby, Lincolnshire, DN31 1LE
01472 311 113
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