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Grimsby Road, Cleethorpes... Block of apartments for sale
Grimsby Road, Cleethorpes, Lincolnshire, DN35
£195,000
Grimsby Road, Cleethorpes, Lincolnshire, DN35
£195,000
Our Summary
- This property presents a secure, long-term investment opportunity, offering both commercial and residential income streams in a highly sought-after location
Description
This part-let investment property on Grimsby Road offers a unique opportunity for investors. The property features a ground floor retail unit with three one-bedroom flats, generating a combined rent of £13,900 per annum, representing a gross initial yield of 7.12%. The retail unit, which is currently tenanted on a three-year lease, offers a main retail area, office, and workshop space. The three flats, two of which are currently tenanted, are situated above the retail unit and have shared access from the front elevation. 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.