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2 Bed Flat, Single Let, Grimsby, DN32 7AA £115,000

4 FREEMAN STREET GRIMSBY DN32 7AA - 3 years ago
  1. Deal Search
  2. Grimsby
  3. DN32
  4. DN32 7AA
BTL
54 m²

ValuationOvervalued

This may not be accurate, please check manually.

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Property History

Listed for £115,000

August 19, 2022

Floor Plans

Description

  • Mixed Use Premises +
  • Commercial Unit + 2 x 1 Bedroom Flats +
  • Flats Let At £7,020 Per Annum +
  • Expected Commercial Rent £4,800 Per Annum +
  • Yield 10.3% +
  • Long Term Tenants Wishing To Remain +
  • uPVC Double Glazing +
  • Modern Electric Heaters +

A fantastic opportunity to purchase this mixed use premises, located in the heart of Grimsby on Freeman Street. Nearby Vendors include Boots, Asda supermarket and Wilkos.
The property is within close proximity to Freshney Place shopping centre and benefits from good transport links to and from Cleethorpes.
The property comprises of a well proportioned ground floor retail area approximately 62.89sqm/676sqft in size, comprising of 2 w.c.'s and a generous sized basement of 48.51sqm/522.15 sqft. The property comes with 2 x 1 bedroom, flats which are currently let at £75 and £60 per week respectively, equating to £7,020 per annum. We anticipate the retail unit to generate an income of £4,800 per annum, which combined generates an income of £11,820 per annum. At the current asking price, this represents a yield of just shy of 10.3%, making this an extremely attractive investment opportunity.
VIEWING IS HIGHLY RECOMMENDED FOR THIS EXCEPTIONAL OPPORTUNITY.

Agent Details

Jackson Green and Preston, Grimsby

01472 404357

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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