**A Perfect Investment Opportunity**
Are you looking for an investment property that combines the best of both worlds? Look no further than 24 - 26 Highgate, Cleethorpes, a prime mixed-use property that offers an incredible opportunity for astute investors. The property boasts a ground floor retail space, along with two residential units. With a current rental income of £1,555 per month, this property offers a fantastic return on investment.
Situated in the heart of Cleethorpes, on the corner of St. Peters Avenue and Highgate, the property benefits from a highly desirable location that attracts both locals and tourists. Cleethorpes is a coastal town known for its beaches, tourism industry, and an abundance of amenities. The property enjoys excellent visibility bring located on a corner plot.
The ground floor comprises a spacious and versatile retail unit, which is currently tenanted at a rate of £725 per month. With a well-maintained shop front, large display windows, and ample space for merchandise.
Additionally, the property contains two residential units, making it an excellent addition to the investment package. The first unit is a well-appointed flat currently generating a rental income of £435 per month, while the second unit, also a flat, generates £395 per month. These residential units are attractively priced, making them appealing to a broad range of tenants.
The mixed-use nature of 24 - 26 Highgate offers an attractive investment opportunity. With a combined monthly rental income of £1,555, this property provides a strong and consistent cash flow. The desirable location, coupled with the growing local economy, ensures the potential for rental growth in the future. Cleethorpes is experiencing a surge in popularity, making it a prime area for property investments.
Don't miss out on the opportunity to own this exceptional mixed-use property in Cleethorpes. Whether you are an experienced investor or looking to start your property portfolio, 24 - 26 Highgate offers the perfect combination of commercial and residential income streams. Contact us today to arrange a viewing and secure your future in this lucrative investment.
PLEASE NOTE: THE COMMERCIAL TENANT WILL BE VACATING THE PROPERTY ON 12th JUNE 2024.
CommercialMain Retail Area 29'2" (8.9m) maximum x 25'5" (7.75m) maximum. With aluminium single glazed frontage and entrance door. Electric roller shutters and suspended ceiling.
Sewing Room 9'5" x 11'10" (2.87m x 3.6m). With timber framed single glazed window and suspended ceiling.
Inner Hallway With single glazed timber exit door.
Kitchen 9'3" x 7'10" (2.82m x 2.4m). With two uPVC double glazed windows, sink/drainer, electric hot water tap, base unit and work surface.
Wash Room 3'9" x 4'1" (1.14m x 1.24m). With single glazed timber framed window, sink/pedestal and electric hot water tap.
W.C. 4'1" x 3'7" (1.24m x 1.1m). With single glazed timber framed window, w.c. and electric radiator.
Store 9'1" (2.78m) maximum x 25'10" (7.87m).
Rear Exit/Store 7'11" x 5'8" (2.41m x 1.73m).
Flat 1Living Room 14'11" x 12'5" (4.55m x 3.78m). With uPVC double glazed window, electric fire in brick surround and radiator.
Kitchen 11'10" x 13' (3.6m x 3.96m). With uPVC double glazed entrance door and window, "Baxi" boiler and a range of wall and base units.
Bathroom With timber single glazed window. Radiator. Bath with shower screen, sink/pedestal and w.c. Partially tiled walls.
Bedroom 15'1" x 9'2" (4.6m x 2.8m). With a timber framed single glazed window and radiator.
Flat 2Hallway With uPVC entrance door and two uPVC double glazed windows.
Living Room 12'2" maximum x 12'2" (3.7m maximum x 3.7m). With a uPVC double glazed window and radiator.
Kitchen-Diner 12'2" (3.71m) x 12'4" (3.77m) maximum. With a range of wall and base units, "Baxi" boiler, radiator and uPVC double glazed window.
Bathroom With a uPVC double glazed window, bath, sink/pedestal, w.c. and radiator.
Bedroom 8'8" x 14'6" (2.64m x 4.42m). With a uPVC double glazed window and radiator.
Yard To the rear of the property is a large concrete yard which provides off-road parking for a number of vehicles and also provides access to the flats.
Business Rates The rateable value as of 1st April 2023 is £12,000. This an online enquiry and all interested parties are advised to make their own enquiries.
Council Tax Band A (Each Flat) This information was obtained on the 15th June 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 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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This is a Freehold property.
