Corporation Road, Grimsby, DN31

ATTENTION INVESTORS - This is a fantastic opportunity to purchase a fully let investment property which includes a popular ground floor commercial premises and two 1-bedroom flats. The property is situated in a busy position on Corporation Road, close to Grimsby town centre with its vast array of amenities and transport links.
With all aspects of the property being occupied, it generates an annual rental income of £8,800, which at the current asking price, represents a yield of 8%.
Please contact Jackson, Green & Preston for more information. An excellent opportunity not to be missed.
N.B. Business not for sale, Lease subject to Landlord & Tenant Act 1954.

Ground Floor Commercial Space

Mains Sales Area 11'6" x 14'10" (3.5m x 4.52m). Benefitting from electric roller shutters to the front of the property with uPVC double glazed windows and entrance door. Having recently been refurbished by the tenant, the sales area now incorporates a breakfast bar, fixed wooden worktops, a food preparation area and has been tastefully decorated in neutral colours and fitted with wood effect laminate flooring.

Storage Area    With hand basin, electric water heater and plain vinyl flooring.

W.C. 6'3" x 2'11" (1.9m x 0.9m). With low flush toilet and plain vinyl flooring.

First Floor Flat

Landing 4'4" x 6'9" (1.32m x 2.06m).

Living Room 18'1" (5.5m) into chimney recess x 11'10" (3.6m). With uPVC double glazed window, gas fire and radiator.

Bedroom 12'2" (3.70m) into chimney recess x 11'11" (3.63m). With uPVC double glazed window and radiator.

Bathroom 6'2" x 6'11" (1.88m x 2.1m). With uPVC double glazed window, toilet, wash hand basin, shower over bath and radiator.

Kitchen 9'11" x 9'8" (3.02m x 2.95m). Having a range of fitted wall and base units, sink with drainer, wood effect worktops and laminate floor coverings with uPVC double glazed window and radiator.

Ground Floor Flat

Kitchen 9'10" x 8'6" (3m x 2.6m). Having a range of fitted wall and base units, sink with drainer, wood effect worktops and laminate floor covering with uPVC double glazed window and radiator.

Living Room 9'10" x 15'8" (3m x 4.78m). With uPVC double glazed window and radiator.

Bedroom 11'11" (3.63m) x 10' (3.05m) into chimney recess. With double glazed uPVC windows and radiator.

Bathroom 4'10" x 6'6" (1.47m x 1.98m). Having bath, handwash basin, wood effect laminate flooring and uPVC double glazed window.

W.C 4'10" x 2'10" (1.47m x 0.86m). With low flush toilet and uPVC double glazed window.

Tenure    Believed to be Freehold. All interested parties are advised to make their own enquiries.

Tenancy Agreements    Shop, 137 Corporation Road - £200 PCM on a 3-year commercial lease from May 2021
Flat 1, 137 Corporation Road – £65 PW let on an Assured Shorthold Tenancy Agreement from November 2018
Flat 2, 137 Corporation Road - £55 PW let on an Assured Shorthold Tenancy Agreement from February 2015

Council Tax Band A    This information was obtained on the 19th August 2021 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

Business Rates    The current rateable value for the commercial aspect is £1,825.00 as per the ratings list of 1st April 2017. All interested parties are advised to make their own enquiries.

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

Read less