9 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Leasehold
AN EXCELLENT INVESTMENT OPPORTUNITY - this is a three-storey building located on the corner of Cleethorpe Road and Freeman Street, in an established location.
The ground floor offers attractively presented office accommodation, approximately 2,000sqft, ideal for a variety of occupants and may lend itself to a variety of uses (subject to necessary consents being obtained). Above the commercial property, there are eight flats with a mixture of one-bedroomed and two-bedroomed accommodation. The flats are well presented, and all units are currently occupied. The rental achieved from the flats ranges from £350 - £450 per calendar month, depending upon the size. The building may lend itself to further conversion to provide additional residential accommodation (subject to necessary consents being obtained and formal planning permission). We anticipate a rental income of circa £35,700 when fully let, equating to a yield of nearly 10% of the current asking price. The ground floor office suite is currently vacant and is being offered to let at £5,500 per annum. THIS IS AN IDEAL INVESTMENT OPPORTUNITY.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference FreemanSt. 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 Mayfair Estate Agents - Grimsby.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
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
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
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.