Lestrange Street, Cleethorpes, Lincolnshire, DN35

ATTENTION INVESTORS - Jackson Green and Preston are delighted to offer to the market this mixed-use property. Located in this well-established and sought-after area lying just off Brereton Avenue.
Briefly comprising self-contained ground floor commercial unit (previously used as a hairdressers) with the remainder of the ground floor being part of the HMO and including kitchen, living room, bedroom and W.C with the first floor offering 3 further bedrooms and bathroom.
Benefiting from uPVC double glazing, gas central heating (except for the commercial unit) and an L2 fire alarm system.
We have been informed by the current owner that the commercial property was last rented at £2,600 per annum. The HMO achieves in the region of £15,600 per annum, when fully let meaning the potential annual rent would be in the region of £18,200 per annum resulting in an All Risks Yield of 13.48%.
A fantastic commercial opportunity not to be missed.

Ground Floor

Commercial Unit 11'7" (3.53m) maximum x 15'6" (4.72m) maximum. With timber single glazed frontage and entrance door. Laminate flooring.

Commercial Unit (2)

Hallway    With radiator and stairs leading to first floor.

Living Room 12'4" (3.75m) into chimney recess x 12'8" (3.85m). With uPVC double glazed window and entrance door. Laminate flooring and radiator.

Kitchen 10'9" x 12'4" (3.28m x 3.76m). With a range of wall and base units and wood affect work surfaces. Built in oven, hob and extractor fan. Sink and drainer. Laminate flooring and 2 uPVC double glazed windows.

Kitchen (2)

W.C.    W.C. and uPVC double glazed window.

Rear Porch    uPVC double glazed door.

Bedroom 1 9'6" (2.89m) x 10'11" (3.32m) maximum. With self-closing fire door, radiator and uPVC double glazed fire escape window.

First Floor

Landing    With emergency lighting.

Bedroom 2 15' (4.57m) maximum x 11'7" (3.54m). With self-closing fire door, uPVC fire escape window and radiator.

Bedroom 3 11'4" (3.46m) maximum x 9'9" (2.98m). With self-closing fire door, uPVC fire escape window and Radiator.

Bedroom 4 10'4" x 10' (3.15m x 3.05m). With self-closing fire door uPVC fire escape window and radiator.

Bathroom    With W.C., bath with electric shower over and sink with pedestal. uPVC double glazed window and radiator. Airing cupboard.

Outside Toilet    To the rear of the building there is an outside toilet which is let with the commercial unit.

Rent    We have been informed by the current owner that the commercial property was last rented at £2,600 per annum. The HMO achieves in the region of £15,600 per annum, when fully let meaning the potential annual rent would be in the region of £18,200 per annum resulting in an All Risks Yield of 13.48%.

NOTE    We have been informed by the current owner that the HMO has an L2 fire alarm system installed. We have also been informed that sound proofing has been installed to all habitable rooms. All interested parties are advised to make their own enquiries.

Rateable Value    Rateable value as of 1st April 2017 is £1,125.00. All interested parties are advised to make their own enquiries.

Council Tax Band A    This information was obtained on the 9th October 2020 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 all of our clients to the UK's largest FEE FREE broker. In addition to being able to access hundreds of mortgages from over 80 lenders, any customer referred through our Agency also has the added benefit of FREE BUYERS INSURANCE for their onward purchase. For more details, please contact our office on 01472 311 113
https://www.landc.co.uk/online/mortgage-finder?icid=2123

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