About the property

A fantastic opportunity to purchase this mixed use premises, located in this popular location on Freeman Street. Nearby Vendors include Boots, Asda supermarket and Wilkos. The property includes 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. In addition to this, it also includes 2 first floor flats which are both 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. Read more

Important information

This is a Freehold property.

This Council Tax band for this property is: A

EPC Rating is F

Property at a glance

  • • 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

Contact agent

Contact agent

Jackson Green & Preston

19 West Saint Marys Gate

Grimsby

Lincolnshire

DN31 1LE

United Kingdom

Tel: 01472 311 113

enquiries@jacksongreenpreston.co.uk

Property Photos

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