425 Grimsby Rd
750 SF Retail Building Cleethorpes DN35 7LB $144,601 ($193/SF) 8.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Two-storey commercial retail unit
- Electric shutter to the frontage
- Benefits from single glazed windows
EXECUTIVE SUMMARY
A fantastic opportunity to purchase this fully let property, ready to go and perfect to add to any investment portfolio.
The property consists of a two-storey commercial retail unit which is approximately 64sqm/681sqft and an individual flat to the rear of the property which in total generates and income of £9,840 per annum.
The commercial unit benefits from single glazed windows and electric shutter to the frontage (we understand that these were installed by the tenant and will not be included in the sale of the property) and ample space throughout. The first floor of the commercial unit consists of uPVC double glazed windows and two rooms that are currently being used as retail space.
The property consists of a two-storey commercial retail unit which is approximately 64sqm/681sqft and an individual flat to the rear of the property which in total generates and income of £9,840 per annum.
The commercial unit benefits from single glazed windows and electric shutter to the frontage (we understand that these were installed by the tenant and will not be included in the sale of the property) and ample space throughout. The first floor of the commercial unit consists of uPVC double glazed windows and two rooms that are currently being used as retail space.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
750 SF
Building Class
B
Year Built
1925
Price
$144,601
Price Per SF
$193
Cap Rate
8.56%
NOI
$12,373
Tenancy
Single
Building Height
2 Stories
Frontage
17 FT on Grimsby Road
1 of 1
NEARBY MAJOR RETAILERS
