Cambridge Street, Cleethorpes, DN35

ATTENTION INVESTORS - This is a fantastic opportunity to purchase a commercial premises located in the heart of Cleethorpes, close to the bustling high street.
The Building has been divided into two separate self-contained units, with the first floor being let to a beauty parlour and the recently vacated ground floor, which was previously occupied by a tea room.
The property benefits from electric shutters to the ground floor front and rear and a fire alarm system.
Each unit, when let, achieves a rent of £1000 per calendar month, which represents an annual income of £24,000 and a gross initial yield of 9.6% at the current asking price.
Cleethorpes is currently benefitting from a regeneration scheme and we believe this property would make an excellent investment and addition to any landlords portfolio.

Ground Floor

Tea Room 1 13'11" x 15'7" (4.24m x 4.75m). With a timber framed single glazed bay window and entrance door. Wood effect laminate flooring. Radiator. Emergency exit leading into ground floor entrance hall serving the first floor tenant. Opening into..

Tea Room 2 17'5" (5.31m) maximum x 12'11" (3.94m) maximum. With wood effect laminate flooring and radiator.

Kitchen 8'6" (2.58m) x 11'8" (3.55m) plus bay. With slate effect flooring. Kitchen prep area with wash sink. Double glazed window, radiator and cupboard housing the boiler.

Kitchen 2 5'2" (1.58m) x 15'3" (4.65m) maximum. With laminate flooring, duel sink, radiator and wall units.

W.C.    With slate effect tiled flooring, basin, w.c., radiator and double glazed window.

Rear Yard    Rear yard laid to concrete with access to alley way for bins.

First Floor

Ground Floor Entrance    Accessed via a separate ground floor entrance door leading into hallway with an emergency exit to the ground floor tea room and stairs leading up to the first floor.

Hallway    With radiator and uPVC double glazed fire exit window.

Treatment Room 1 11'11" (3.62m) into chimney breast x 14'7" (4.45m). With wood effect laminate flooring and radiator. Chimney stack with feature surround. Sink with marble surface and splash back housed in a feature cupboard. uPVC double glazed window.

Office    With a timber framed sash window and radiator.

Treatment Room 2 11'7" (3.53m) maximum x 9'11" (3.02m). With wood effect laminate flooring. Sink, vanity unit with tiled splash back. Extractor fan.

W.C.    Attractive tiled flooring. Radiator and uPVC double glazed window. Sink and pedestal with splash back. W.c. Down lights.

Treatment Room 3 8'6" (2.59m) maximum x 17'11" (5.47m) maximum. With hard wearing vinyl flooring. Hand wash area. uPVC double glazed window and radiator.

Tenancy    The first floor tenant is on a 5 year lease from 5th March 2018 to 5th March 2030 with an availability to break on 5th September 2020.
The ground floor unit is currently vacant.

Business Rates    The Rateable Value as of 1st April 2017 is £7000.

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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