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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 |
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Nearby Major Retailers
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158 Grimsby Rd
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