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Cambridge Street, Cleethorpes, Lincolnshire, DN35

Price £250,000

End of Terrace House For Sale in Cambridge Street, Cleethorpes, Lincolnshire, DN35

ATTENTION INVESTORS - A fantastic investment opportunity to purchase a commercial premises in the heart of the Cleethorpes.
The building has been split into two self contained units, the ground floor is currently let to a tea room and the first floor to a beauty parlour.
The premises benefits from electric shutters to the ground floor front and rear and a fire alarm system.
Both units are currently let at £1000 per calendar month each, producing an income of £24,000 per annum, which represents a gross initial yield of 9.6% at the current asking price.
Cleethorpes is currently benefitting from a regeneration program after securing approximately £6.7million of external funding which is intended to be invested in the resort over the next 3 years.
In the Agents opinion the property would make an excellent addition to any investment portfolio.

Property Features

  • Fantastic Investment Opportunity
  • GF & FF Commercial Premises With Separate Access
  • Both Units Let At �1000 Per Calendar Month Each!
  • Annual Income Of �24,000 Per Annum
  • Gross Initial Yielf Of 9.6% At Current Asking Price
  • Excellent Investment In An Area Surrounded By Regeneration

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Ref: 288481_GRS190828

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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