Floorplan
MapMixed use for sale
Key information
Features and description
- Video viewing available
- Attention investors
- 2 Storey Terrace With Basement Storage
- First Floor Residential Let On Long Ground Lease
- Located Within Easy Rear Of Grimsby & Cleethorpes
- Excellent Mixed Use Investment Opportunity
A fantastic opportunity has arisen to purchase this mid-terraced building with basement storage. The ground floor comprises a retail premises and storage/workshop area, while the first floor offers a self-contained flat which is let on a long ground lease and is therefore held on a reversionary Freehold basis only.
The front retail shop features a main retail area (approx. 47sqm / 505sqft), store/office (approx. 29sqm / 312sqft), kitchenette, and W.C. It is complemented by a rear storage/production area, including basement storage and convenient rear loading access.
The self-contained flat on the first floor is accessible from the front elevation and is currently let on a long ground lease, ensuring stable rental income. This is therefore a Freehold reversionary interest only.
We understand that the flat is leased on a long ground lease for 150 years starting from April 1, 2018, at a ground rent of £150 per annum.
The property is strategically situated on Cleethorpe Road (A180), linking Grimsby and Cleethorpes, and provides easy access out of town via the M180.
This property presents a secure, long-term investment opportunity, offering both commercial and residential income streams in a highly sought-after location. Contact us today to learn more or schedule a viewing.
Rooms
Commercial
Ground Floor
Main Retail Area
5.18m maximum x 9.18m maximum (into window display) - With a single glazed timber frame entrance door and frontage and suspended ceiling.
Staff Area / Store 8.04m x 3.64m
W.C. 1.7m x 1.53m
With wash hand basin and w.c.
Rear Store 1.99m x 3.54m
With electric roller shutter providing rear loading from Strand Street.
Garage/Store 2.81m x 10.16m
With roller shutter and tiled floor. Providing access to the basement.
Basement Room 1 4.49m x 5.09m
Basement Room 2 4.21m x 4.34m
Business Rates
We have been unable to locate the property on the Valuation Offices database and suggest all interested parties make their own enquiries.
Tenancies
The flat is let on a long ground lease for 150 years from 1st April 2018 at a ground rent of £150 per annum. As such, you are purchasing the reversionary freehold interest in the flat only.
Broadband & Mobile Phone Coverage
Please use the following link to check the mobile phone and broadband coverage for this property.
Council Tax Band A
This information was obtained on the 6th June 2024 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership.
All interested parties are advised to make their own enquiries. See
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.
Mortgage Advice
We are pleased to be able to introduce Toni Cressey Mortgage Advisers who we recommend for Independent Mortgage Advice for any of our clients looking to purchase their first home, new home or investment property.
They have a team of advisers that are able to help and advise you on the most suitable mortgages available for you taking into account your own particular needs and circumstances. They will help and guide you through the whole mortgage and home buying process, ensuring best advice is given at all times. Buying a new home is one of the most important financial decisions you will make so it is vital that you get the help and advice you need at the earliest opportunity.
No fee is charged for this independent mortgage advice, which is provided under no obligation. There may however be a fee payable should you proceed with a mortgage application. The actual amount you pay will depend upon your own circumstances and requirements and typically our application fee will (truncated)
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