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7 bedroom detached house for sale
Grimsby Road, Cleethorpes, N E Lincs, DN35
£300,000
Grimsby Road, Cleethorpes, N E Lincs, DN35
£300,000
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 presents an exciting investment opportunity, with an estimated annual rental income of £42,000 upon refurbishment and compliance with current regulations. The property comprises six apartments with a communal entrance, plus a separate coach house-style maisonette, each with its own kitchen, living area, and bathroom. The property would benefit from modernisation to maximise rental yield and tenant appeal, and the courtyard offers off-road parking. Located in a vibrant and sought-after town, 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. This rare 7-in-1 investment opportunity offers significant potential for returns with the right improvements, making it an attractive prospect for investors.