This is a mixed use property comprising a ground floor shop unit, a car repair workshop and store to the rear, 1 x 3 bedroomed flat, 2 x 1 bedroomed flats and 1 x studio flat. All units are currently let producing a rental of circa 24,000 per annum, however some of the flats do require a scheme of modernisation and refurbishment but this would make an ideal investment opportunity. - GUIDE PRICE 100,000
This is an extensive mixed use commercial and residential property located on Freeman Street close to the Hainton Square junction.
The commercial element of the property comprises a ground floor retail unit fronting Freeman Street with ancillary storage and with separate access to a car repair workshop, storage and yard area at the rear.
The residential side of the property comprises of a 3 bedroomed ground floor flat, 2 x 1 bedroomed flats to the first floor and a further studio flat with separate access direct from Freeman Street.
All units within the property are currently let with an annual rental of circa £24,000. This represents a yield of approximately 24% at the current guide price.
Some of the flats do require a scheme of modernisation and refurbishment but would prove an ideal investment opportunity.
We expect a good degree of interest and therefore interested parties are advised to make early enquiries.
RETAIL UNITCAR REPAIR WORKSHOP: 9.36m (30ft 9in) x 17.88m (58ft 8in)
Currently used as a car garage with power, light and water.
STORAGECommercial EPCFLAT 4ABedroom 1: 4.45m (14ft 7in) x 3.86m (12ft 8in)
With carpet, radiator and double glazed French doors to yard area.
En-Suite Shower Room: With corner shower cubicle, white w.c., white wash hand basin, radiator and uPVC double glazed window. Tiled floor and partially tiled walls.
Store Room: With laminate flooring.
Hallway: With loft access, uPVC door and uPVC double glazed window.
Bedroom 2: 3.19m (10ft 6in) x 2.76m (9ft 1in)
With laminate flooring, radiator and uPVC double glazed window.
Living Room/Kitchen: 8.51m (27ft 11in) x 4.07m (13ft 4in)
Living Area:
With laminate flooring, two radiators, double glazed French doors and two "Velux" style windows.
Kitchen Area:
With wall and base units, one-and-a-half bowl sink with drainer and tiled floor.
Utility Room: 1.85m (6ft 1in) x 2.84m (9ft 4in)
With laminate flooring, radiator, loft access and plumbing for washing machine (no waste facility).
Living Room/Kitchen 2nd PhotoBathroom: With tiled floor and partially tiled walls. Bath with shower over, w.c. and white wash hand basin.
Bedroom 3: 3.89m (12ft 9in) x 3.91m (12ft 10in)
Two uPVC double glazed windows and radiator.
YardGarageFlat 1b / 2b Communal Entrance: With stairs to first floor.
FLAT 1BHallway.: With "Compact HE" central heating boiler, loft access, radiator and carpet and laminate flooring.
Bathroom.: With vinyl flooring, bath with shower over, white w.c. and white wash hand basin. uPVC double glazed window and radiator.
Bedroom: 4.16m (13ft 8in) x 2.84m (9ft 4in) maximum
With laminate flooring, radiator and uPVC double glazed window.
Living Room/Kitchen.: 4.76m (15ft 7in) x 4.53m (14ft 10in) maximum
Living Area:
With laminate flooring, triple uPVC double glazed window and radiator.
Kitchen Area:
With vinyl flooring, wall and base units with four-ring gas hob, one-and-a-half bowl ceramic cream sink and extractor. Partly tiled walls.
FLAT 2BHallway,: With laminate flooring, two radiators, "Vokera" gas central heating boiler and uPVC double glazed window. Stairs to first floor.
Kitchen: 4.02m (13ft 2in) x 2.04m (6ft 8in)
With vinyl flooring, uPVC double glazed window, wall and base units with built-in four-ring gas hob, built-in cooker and extractor and a one-and-a-half bowl sink and drainer.
Property Management: Are you a Landlord tired of dealing with your tenants?.Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs. Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail (rented@jacksongreenpreston.co.uk) for some informal advice. Further information is also available on our website at www.jacksongreenpreston.co.uk/info_landlords.php
Living Room: 4.76m (15ft 7in) x 3.49m (11ft 5in)
With laminate flooring, uPVC double glazed window, radiator and fire place with decorative grates.
Bathroom,: With vinyl flooring, radiator and uPVC double glazed window. Bath with shower over, wash hand basin and w.c.
First FloorLanding: With eaves storage and "Velux" window.
Bedroom 1.: 4.6m (15ft 1in) x 2.7m (8ft 10in)
With laminate flooring, "Velux" window, uPVC double glazed window and a radiator.
Bedroom 2.: 2.28m (7ft 6in) x 2.52m (8ft 3in)
With laminate flooring, "Velux" window and a radiator.
FLAT 249AGround FloorHallway,.: With wooden front door giving direct access onto Freeman Street. Stairs to first floor and single glazed sash window.
W.C.: With low-flush w.c.
First Floor.Landing.Kitchen.: 4.21m (13ft 10in) x 3.34m (10ft 11in)
With uPVC double glazed window, wall and base units, one-and-a-half bowl sink and drainer and a built-in storage cupboard.
Living Room.: 4.75m (15ft 7in) x 3.34m (10ft 11in)
Vinyl flooring, open fire place and a triple uPVC double glazed window.
Bathroom,.: uPVC double glazed window and loft access. There is currently no bathroom suite fitted.
EXTERNAL: There is a courtyard area along with a yard area for Flat 4a and additional off-road parking to the side of the car repair workshop.
Floor Plans: Any floor plan provided is for guidance purposes only. It is not to scale and should not be taken as accurately reflecting all the property's features.
Measurements are approximate and should not be relied upon.
Floor Plans - Flat 4AFloor Plan - Flats GFFloor Plan - Flats FFFloor Plan - Flats 2FTenure: The property is currently Leasehold with 9 years remaining on the ground lease. Enquiries are being had with the Freeholder to extend this lease.
NOTE: Please note there is currently an enforcement notice from the local authority to carry out repairs on Flat 4a and Flat 249a.
The configuration of the property in the sales particulars below illustrates how the property is currently occupied by the existing vendor. We give no assurances that the property is currently occupied in accordance with its planning use and all interested parties are advised to make their own enquiries.
Rent: All units are currently occupied and let at the following figures:
Retail unit let at £100 per week
Car repair workshop let at £60 per week
Flat 4a let at £75 per week
Flat 1b let at £75 per week
Flat 2b let at £75 per week
Flat 249a let at £75 per week
Property To Sell: Do you have a property to sell? For professional valuation advice, contact our Grimsby Office (01472 311120).
One of our experienced valuers will be happy to provide a free marketing appraisal of your property.
Surveys: Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors.
To discuss your survey needs, please contact our Survey Department on 01472 311120.
Sources Of Useful Information: Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
www.environmentagency.gov.uk
www.hpa.org.uk
www.nelincs.gov.uk
www.northlincs.gov.uk
www.e-lindsey.gov.uk
www.landregistry.gov.uk
www.gov.uk/council-tax-bands
Mortgage Advice: We are pleased to be able to introduce all of our clients to the UK's largest FEE FREE broker. In addition to being able to access hundreds of mortgages from over 80 lenders, any customer referred through our Agency also has the added benefit of FREE BUYERS INSURANCE for their onward purchase. For more details, please contact our office on 01472 311 113
https://www.landc.co.uk/online/mortgage-finder?icid=2123
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