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Grimsby Road, Cleethorpes

Price £155,000

1 Bedroom Terraced House For Sale in Grimsby Road, Cleethorpes

This is a substantial mid terrace property converted to provide seven self contained flats/studio apartments, that are all currently let with an annual rental income of �25,428 in total. This represents a yield of 16.4% at the current asking price. This property is located on a prominent main road position. This is a great investment opportunity. - �155,000

Calling all landlords & investors. This is a substantial mid terraced property located in an established position on Grimsby Road, close to local amenities and converted to provide 7 self contained studio flats/ apartments.The property is currently fully occupied with a current passing rent of £25,428 per annum representing a yield of approximately 16.4% on the current asking price.Each of the individual bed sit apartments offer accommodation comprising of a living room/ bedroom area, kitchen and bathroom.The property provides a garden to the front and rear.This would be an excellent addition to a letting portfolio.VIEWING IS HIGHLY RECOMMENDEDGround Floor Apartment 1 Living/Dining Room : 4.01m (13ft 2in)x 3.04m (10ft 0in) With pull down bed. With two radiators and a uPVC double glazed bay window.Kitchen 1 : 2.39m (7ft 10in)x 1.98m (6ft 6in) Partially tiled with a good selection of modern fitted units incorporating sink unit with drainer. With an electric point for cooker and an automatic washine machine.Shower Room : With panelled walls. Fitted with a modern suite comprising of a low flush w.c, hand basin and shower cubicle with shower and extractor.Apartment 2Entrance Hall Living Room/Bedroom : 3.94m (12ft 11in)x 3.57m (11ft 9in) With pull down bed unit and radiator.Kitchen 2: 2.03m (6ft 8in)x 1.35m (4ft 5in) Partially tiled and fitted with a selection of wall and base... Read more

Property Features

  • Mid Terrace House
  • Provides Seven Flats/Studio Apartments
  • Prominent Main Road Position
  • All Flats/Studio Apartments Are Currently Let
  • Property Rent Of �25428
  • Approximately 16.4% Yield At Current Price
  • A Great Investment

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The Guild of Property Professionals: Mortgage Calculator

Ref: 58564-1_30119636

Jackson Green & Preston

19 West Saint Marys Gate
Grimsby
Lincolnshire
DN31 1LE
United Kingdom

T: 01472 311 113
E: enquiries@jacksongreenpreston.co.uk

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