A mixed investment opportunity - Ground floor shop (Let), and three upper floor flats (two vacant, one let).

The accommodation comprises a ground-floor retail space fronting onto Cleethorpes Road, currently let on a 3-year FRI lease term which is currently holding over, with a rent of £1,560 per annum. On the upper floors are three, two-bedroom self-contained flats two of which are vacant and one is let on a shorthold tenancy agreement, generating £80 per week (£4,160 per annum). The other two vacant flats have previously been let at similar levels. Total potential income is therefore £14,040 per annum.

Tenure

Freehold

Location

The investment is located on the busy thoroughfare of Cleethorpes Road, Grimsby leading to both the town centres of Grimsby and Cleethorpes. Holding a highly visual position within a busy mixed-use parade, lying close to the main A180/M180 motorway system and has access from Strand Street to the rear of the premises.

Accommodation

The approximate accommodation comprises: Ground Floor Retail 119 sq m (1277 sq ft) First Floor Flat one - two bedrooms, lounge, kitchen & bathroom Second Floor Flats 2 & 3 - two bedrooms, lounge, kitchen & bathroom.

Viewing

Strictly by appointment with the Auctioneers on 0845 400 9900 or the Joint Agent: Sanderson Whetherall on 01482 645 522

Services

Mains Water and Electricity are known to be connected.

Council Tax & Business Rates

We are advised by North East Lincolnshire Council that the Rateable Value is £4,900 for the ground-floor commercial unit. All three flats are listed under the Band A assessment. Interested parties are advised to confirm this with the Local Authority. Rateable Values can change, and the rates payable can vary due to changes in transitional relief. The tenant of the ground floor is responsible for paying the business rates

Joint Agents

Sanderson Whetherall, 20 The Weir, Hessle, HU13 0RU Tel: 01482 645 522 FTAO Mr Carl Bradley.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

North East Lincolnshire Council

Solicitors

Squire Patton Boggs, Rutland House, 148 Edmund Street, Birmingham, B3 2JR. , Ref: Emily Davis, Tel: 0121 222 3000.

Offered in association with

Sanderson Whetherall

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyer’s premium of £900 (£750 + VAT) in addition to the purchase price of the property.

Administration Charge - The purchaser will be required to pay an administration charge of 0.3% subject to a minimum of £900 (£750 plus VAT) in addition to the purchase price of the property.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.