4 Freeman St

A fantastic opportunity to purchase this mixed use premises, located in the heart of Grimsby on Freeman Street. Nearby Vendors include Boots, Asda supermarket and Wilkos. The property is within close proximity to Freshney Place shopping centre and benefits from good transport links to and from Cleethorpes.
The property comprises of 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. The property comes with 2 x 1 bedroom, flats which are currently let at £75 and £60 per week respectively, equating to £7,020 per annum. It is anticipated that the retail unit will 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.