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Property
Property description & features
- Tenure: Freehold
- 8 Flats & Commercial Unit - All fully Let
- Total Income: £38,400
- Yield: 9.03%
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.Places of interest
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*DISCLAIMER
Property reference P376. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Belvoir - Grimsby.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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