ATTENTION INVESTORS. Jackson Green & Preston are delighted to offer to the market this mixed-use property located in a well established area offering an excellent returns.
property briefly comprises a ground floor commercial property presently leased for 3 years starting from 2021 achieving £3,600 per annum and consisting of an open-plan area (approximately 25.8 sqm/277.7 sqft), a well-equipped kitchen/staff room, and a convenient W.C and outdoor courtyard area.
The property also includes a 1-bedroom flat on its first floor, currently let on an assured shorthold tenancy (AST) generating £80 per week. The flat briefly comprises a ground floor entrance hall leading to first-floor accommodations, including living room, kitchen, bedroom and bathroom. The flat benefits from uPVC double glazing and a gas central heating system.
When combined, the properties earnings total an impressive £7,760 per annum. This translates to an approximate yield of 10%.
N.B. The properties are held on seperate titles and the vendor may be willing to sell seperatley subject to negotiation.
This is your chance to secure a ready made investment. Don't let this promising investment opportunity pass you by—reach out to us today to explore this exciting prospect.
CommercialGround FloorShop Floor 10'5" (3.17m) maximum x 27'5" (8.36m) maximum. With uPVC double glazed entrance door and window. A mixture of strip lights and spot lights. Lino flooring. Radiator.
Kitchen/Staff Room 9'4" (2.85m) minimum x 15'11" (4.85m) maximum. With timber framed single glazed windows. A range of work surfaces with sink/drainer. Boiler. Storage cupboard. Lino flooring. Radiator.
Inner Hallway Timber external door with metal security gate. Radiator.
W.C. W.C. and wash hand basin. Single glazed timber framed window and radiator.
Business Rates The business rates as of 1st April 2023 are £1,675. All interested parties are advised to make their own enquiries.
FlatGround FloorEntrance Hall With uPVC double glazed door and stairs to first floor accommodation.
Living Room 11'11" (3.64m) x 15' (4.57m) maximum. With uPVC double glazed window and radiator.
Kitchen 8'10" x 9'9" (2.7m x 2.97m). With uPVC double glazed window, radiator and a range of wall and base units.
Bedroom 9'7" x 13'1" (2.92m x 4m). With uPVC double glazed window and radiator.
Bathroom With w.c., sink/pedestal and bath. Part tiled walls and uPVC double glazed window.
Tenancies The ground floor commercial tenant is on a 3 year lease from November 2021 and currently pays £300 per calendar month.
The residential tenant is on an Assured Shorthold Tenancy Agreement and currently pays £80 per week.
Council Tax Band A This information was obtained on the 14th August 2023 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 www.gov.uk/council-tax-bands
Property Management Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs. Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail (rented@jacksongreenpreston.co.uk) for some informal advice. Further information is also available on our website at www.jacksongreenpreston.co.uk/info_landlords.php
Property To Sell Do you have a property to sell? For professional valuation advice, contact our Grimsby Office (01472 311120).
One of our experienced valuers will be happy to provide a free marketing appraisal of your property.
Surveys Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors.
To discuss your survey needs, please contact our Survey Department on 01472 311120.
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.
www.environmentagency.gov.uk
www.hpa.org.uk
www.nelincs.gov.uk
www.northlincs.gov.uk
www.e-lindsey.gov.uk
www.landregistry.gov.uk
www.gov.uk/council-tax-bands
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 be £100 upto a maximum of £250 for a residential mortgage. Any fee will be confirmed in writing prior to your proceeding with a mortgage application.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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This is a Freehold property.
