1. Property photo 1 of 16 Side Elevation
  2. Property photo 2 of 16 Flat
  3. Property photo 3 of 16 Flat

£260,000

End terrace house for sale

Grimsby Road, Cleethorpes, N E Lincs DN35

  • Freehold

  • EPC Rating: C

Key information

  • Tenure

    Freehold

  • Council tax band

    A band has not yet been confirmed.

Relo Estate Agents

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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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Property descriptions and related information displayed on this page are marketing materials provided by - Relo Estate Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Relo Estate Agents for full details and further information.