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158 Grimsby Rd 528 sq ft 100% Let Retail Property Cleethorpes DN35 7DL £179,950 (£340.81/sq ft) 7.72% Net Initial Yield
EXECUTIVE SUMMARY
A great opportunity has arisen to purchase this part-let investment property, situated in a prominent position on Grimsby Road. The property
comprises a Ground floor retail unit with three additional one bed flats, achieving a combined rent of £13,900 Per Annum, equating to a gross
initial yield of 7.12%
comprises a Ground floor retail unit with three additional one bed flats, achieving a combined rent of £13,900 Per Annum, equating to a gross
initial yield of 7.12%
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
528 sq ft
Costar Property Class
B
Year Built
1960
Price
£179,950
Price per sq ft
£340.81
Yield
7.72%
NOI
£13,884
Occupancy Rate
100%
Number of Floors
1
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Grimsby Computer & Console Repairs
- -
- 528 sq ft
- -
- Dec 2027
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Grimsby Computer & Console Repairs | - | 528 sq ft | - | Dec 2027 |
1 1
NEARBY MAJOR RETAILERS
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158 Grimsby Rd
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