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Grimsby Road, Cleethorpes... Block of apartments for sale
Grimsby Road, Cleethorpes, Lincolnshire, DN35
£179,950
Grimsby Road, Cleethorpes, Lincolnshire, DN35
£179,950
Our Summary
- This property presents a secure, long-term investment opportunity, offering both commercial and residential income streams in a highly sought-after location
- Investment Opportunity
Description
This investment property is a rare opportunity to purchase a part-let property with a combined rent of £13,900 per annum, offering a gross initial yield of 7.12%. The property features a ground floor retail unit with a main retail area, office, and workshop space, as well as three one-bedroom flats above. The retail unit is tenanted on a three-year lease, while two of the flats are currently tenanted on ASTs and the third is undergoing planning to be converted back to a residential property. The property is strategically located on Grimsby Road, providing easy access to Grimsby and Cleethorpes, and offers a secure, long-term investment opportunity with both commercial and residential income streams.