Cleethorpe Road
Grimsby, DN31

£395,000
Yield: 9.3%
88
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Features

  • 8 Flats & Commercial Unit - All fully Let
  • Total Income: £38,400
  • Yield: 9.03%

Description

Tenure: Freehold

Belvoir are please to offer to the open market this fantastic investment opportunity. Located on Cleethorpe Road within close proximity to Freeman Street and the town centre. 

This investment consists of a commercial unit located on Cleethorpe Road, and 8 x 1 bedroomed flats accessed via Strand Street.

Flat 1: One Bed - £75 Per Week Flat 2: One Bed - £75 Per Week Flat 3: One Bed - £75 Per Week Flat 4: One Bed - £75 Per Week Flat 5: Studio - £75 Per Week Flat 6: One Bed - £75 Per Week Flat 7: One Bed - £75 Per Week Flat 8: One Bed - £75 Per Week Commercial Unit: £140 Per Week

The commercial unit is currently let as a pet shop and they have been there for 12 years and have recently signed a new 5 year lease.

All of the flats are let out on a guaranteed rent scheme with North east lincolnshire council. The council organise new tenants and maintain the flats within the contract.

EPC rating: C.

Documents

EPC Certificate
Download

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