£260,000
End terrace house for sale
Grimsby Road, Cleethorpes, N E Lincs DN35Freehold
EPC Rating: C
Key information
Tenure
Freehold
Council tax band
A band has not yet been confirmed.
Relo Estate Agents
About this property
Fantastic Investment Opportunity
Mixed Commercial and Residential Use
3 Residential Flats and Commercial Workshop
Frontage Ideal for Advertisement Space
Solar Panel Arrays on Payback Tariff
4 Sitting Tenants currently in place
Income Circa £23,500 pa (Including Panels)
All Under Single Freehold
Opportunity for Income Growth
This incredible building is now available for sale under a single freehold and represents an amazing opportunity to acquire multiple lucrative units within one purchase.
Comprised of three residential flats, which includes two 1 Bedroom units and one 2 bedroom, a large commercial workshop to the rear and a small shop frontage - suitable mainly for high street advertising space.
Not only this but the property also possesses a large series of solar panel arrays that are still paying a feed in tariff which this agent is advised results in a return of circa £2000 pa.
Every residential flat is in possession of its required documentation and certification and each unit is currently occupied with each tenant wishing to stay on for long term tenancies where possible.
In total, the property is currently generating circa £23,500 pa but is capable of increasing this quite considerably over time.
This is a large and well maintained property that has benefitted from the careful attention of a diligent landlord for many years and carries the additional benefit of being situated on a high street location within close proximity to both Cleethorpes beach and Grimsby Town centre, making this an immediately attractive and popular location that should never lack for interest.
All in all, this a great chance to acquire a large, lucrative and ideally placed investment opportunity that should hopefully form the basis of a long term source or reliable income.
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More information
Listed by
Relo Estate Agents