ATTENTION INVESTORS – Jackson Green & Preston are delighted to offer to the market this rare opportunity to purchase a substantial mixed-use property, which must be viewed to fully appreciate the potential on offer. Located on a prominent corner position on the ever-popular Freemen Street, the property is just a short walk to Freeman Street Market and various bus stops.
Consisting of a ground floor commercial premises with a main retail area of approx. 90 sqm / 968 sqft, office, kitchenette and W.C and two first floor self-contained flats. The flats bring in a combined rental income of £700 PCM.
The vendor currently runs a long-standing kitchen appliance shop form the commercial unit and subject to separate negotiation, would be willing to sell the business should there be interest to continue trading.
Being held on a long lease with 99 years remaining, the property would make an excellent addition to a landlord's portfolio or alternatively, the perfect location to open a business on a busy high street with extra income generated from the flats.
VIEWING ESSENTIAL.
CommercialShow Room 33' (10.05m) maximum x 32'11" (10.03m) maximum. With timber framed single glazed frontage and double doors.
Office 11'10" (3.60m) maximum x 13'9" (4.18m). With a timber door and internal metal security gate providing rear access.
Kitchenette 5'5" x 3'4" (1.65m x 1.02m). With sink/drainer.
W.C. 5'6" x 2'9" (1.68m x 0.84m). With low flush W.C., extractor fan and electric heater.
Flat 1Living Room 12'11" x 12'11" (3.94m x 3.94m). With uPVC double glazed window, storage heater and storage cupboard.
Kitchen 10'2" x 7'3" (3.1m x 2.2m). With uPVC double glazed window. Laminate flooring and a range of wall and base units including sink/drainer. Tiled splash back.
Bathroom With bath, sink and pedestal and W.C. Laminate flooring, tiled splash back and extractor fan.
Bedroom 13'7" x 11'7" (4.14m x 3.53m). With uPVC double glazed window and storage heater.
Flat 2Living Room 14'9" (4.49m) maximum x 15'7" (4.76m) maximum. With 3 uPVC double glazed windows. Storage heater. Part carpet and part laminate flooring.
Kitchen 6'3" x 11'2" (1.9m x 3.4m). With uPVC double glazed window. A range of wall and base units including a sink/drainer and tiled splash back.
Bathroom Bath with shower attachment and rail. Sink and pedestal. W.C. Tiled splash back and storage heater.
Bedroom 14'10" x 9'7" (4.52m x 2.92m). With uPVC double glazed window. Storage heater. Part laminate and part carpet flooring.
Outside The property has rear access which is laid to concrete via Newmarket Street.
Tenure The property is held on two separate leases:
Ground floor commercial premises – 125 years from August 1996 paying a ground rent of £400 per half year.
First floor – 125 years from August 1996 paying a ground rent of £25 per half year.
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 Leasehold Property
