Retail/residential investment
3 retail and 2 residential fully occupied units
Situated on main arterial road leading to Cleethorpes
Prominent roadside frontage
Car parking to rear
Current gross income £31,600 per annum with potential for growth
Grimsby Road is the main arterial road, forming an extension of the A180 linking the towns of Grimsby and Cleethorpes which together make up part of the main conurbation within North East Lincolnshire. The property is situated close to Isaacs Hill, on the junction of Poplar Road ¼ of a mile north west of Cleethorpes town centre and 2 miles east of Grimsby town centre. The surrounding area provides a mix of retail and residential accommodation.
Description
The property comprises a terrace of 3 retail units fronting directly onto Grimsby Road and two residential flats above. At the rear of the property is car parking with spaces allocated to each individual unit and the flats are self-contained.
Accommodation
Address | Rent Passing (per annum) | Lease Expiry |
487-489 - Clee Off Licence and Convenience Store | £11,500 | June 2026 |
491 - Naughty But Nice | £6,000 | - |
493 - Clee Fisheries | £11,500 | September 2029 |
Flat 1 | £5,400 | Let on an AST |
Flat 2 | £5,100 | Let on an AST |
Terms
The property is offered for sale subject to the existing tenancies at a price of £360,000.
Rateable Value
Each individual occupier is responsible for paying rates or council tax related to their own occupation.
Address | Rateable Value | Council Tax Band |
487-489 - Clee Off Licence and Convenience Store | £6,200 | - |
491 - Naughty But Nice | £2,800 | - |
493 - Clee Fisheries | £4,700 | - |
Flat 1 | - | A |
Flat 2 | - | A |
Property Enquiry
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