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Our Summary
- We are delighted to offer for sale this exceptional and rare investment opportunity — Humber House, a prominently positioned and income-producing mixed-use property, located on Cleethorpes Road in Grimsby
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Description
Located on a prominent corner position at the junction of Cleethorpes Road and Humber Street, Humber House is a mixed-use property arranged over three floors, extending to approximately 970 square metres (10,442 square feet). The ground floor comprises eight retail units combined into four let to individual occupiers, generating £21,600 per annum, while the upper floors contain 14 self-contained residential flats subject to long ground leases, producing £870 per annum. Additionally, there are seven garages let at £10 per week, producing £3,640 per annum, and a small retail area on the ground and first floors, generating a total annual income of £26,110.
The property is held on a 189-year lease from 1st August 1963 at a peppercorn ground rent, offering secure long-term tenure without ongoing rent liability.