Grimsby Road, Cleethorpes, N E Lincs... 7 bed detached house for sale

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Grimsby Road, Cleethorpes, N E Lincs... 7 bed detached house for sale

Grimsby Road, Cleethorpes, N E Lincs, DN35
£279,950

Our Summary

  • Offering an estimated rental income of £42,000 per year (subject to high-quality refurbishment and compliance with current regulations), this property promises excellent potential as a multi-unit investment
  • The property as a whole would benefit from modernisation, making it an ideal project for investors aiming to maximise rental yield and tenant appeal
  • This is a rare 7-in-1 investment opportunity in a thriving coastal town, offering scope for significant returns with the right improvements
  • Don’t miss your chance to unlock the full potential of this property

Description

This seven-apartment block on Grimsby Road in Cleethorpes offers an exciting investment opportunity, with an estimated annual rental income of £42,000. The property, which comprises six apartments and a separate maisonette, is in need of modernisation and refurbishment to maximise rental yield and tenant appeal. Each apartment features its own kitchen, living area, and bathroom, providing self-contained living spaces. The property also benefits from a courtyard with off-road parking, a valuable feature in this desirable location. Cleethorpes' amenities, including shops, restaurants, and public transport links, are within easy reach, and the picturesque seafront is just a 15-minute walk or drive away. With the right improvements, this property has significant potential for returns, making it a rare and attractive investment opportunity in a thriving coastal town.
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