- Mixed Use Premises
- Commercial Unit + 2 x 1 Bedroom Flats
- Flats Let At £7,020 Per Annum
- Expected Commercial Rent £4,800 Per Annum
- Yield 10.3%
- Long Term Tenants Wishing To Remain
- uPVC Double Glazing
- Modern Electric Heaters
Retail Property (High Street) for sale in Lincolnshire
A fantastic opportunity to purchase this mixed use premises, located in this popular location on Freeman Street. Nearby Vendors include Boots, Asda supermarket and Wilkos. The property includes a well proportioned ground floor retail area approximately 62.89sqm/676sqft in size, comprising of 2 w.c.'s and a generous sized basement of 48.51sqm/522.15 sqft. In addition to this, it also includes 2 first floor flats which are both currently let at £75 and £60 per week respectively, equating to £7,020 per annum. We anticipate the retail unit to generate an income of £4,800 per annum, which combined generates an income of £11,820 per annum. At the current asking price, this represents a yield of just shy of 10.3%, making this an extremely attractive investment opportunity.
Important Information
- This is a Freehold property.
- The review period for the ground rent on this property is every 1 year
- This Council Tax band for this property is: A
- EPC Rating is F
Property Ref: GRS_VAL220100
Similar Properties
Flat | Asking Price £115,000
VIDEO VIEWING AVAILABLE - ATTENTION INVESTORS - Jackson, Green and Preston are delighted to offer to the market this inv...
2 Bedroom End of Terrace House | Asking Price £115,000
ALL SENSIBLE OFFERS CONSIDERED on this modern two bedroom end link house with parking space just off Carr Lane within ea...
Retail Property (High Street) | Asking Price £115,000
VIDEO VIEWING AVAILABLE - ATTENTION INVESTORS - Jackson, Green and Preston are delighted to offer to the market this inv...
2 Bedroom Semi-Detached House | Asking Price £118,000
An excellent, modern semi-detached house located in this sought-after and convenient position. With 2 well-proportioned...
2 Bedroom Semi-Detached Bungalow | Guide Price £120,000
*BEING SOLD VIA ONLINE SECURE SALE* AVAILABLE FOR SALE WITH NO "CHAIN" - This is a lovely 2 bedroomed semi-detached bung...
5 Bedroom House | Asking Price £120,000
Jackson Green and Preston are delighted to be offering this 5 bedroomed potential HMO property to the market. Contact th...
Jackson Green & Preston (Grimsby)
19 West Saint Marys Gate, Grimsby, Lincolnshire, DN31 1LE
01472 311 113
How much is your home worth?
Use our short form to request a valuation of your property.
Request a Valuation
©2025 The Guild of Property Professionals. All rights reserved.
Terms and Conditions |
Privacy Policy |
Cookie Policy |
Complaints Policy |
Members Login
The Guild of Property Professionals Trading Address: 121 Park Lane, London W1K 7AG. GPEA Limited.
Registered in England & Wales.
Company No: 02819824.
Registered Office Address: 2 St. Stephen's Court, St. Stephen's Road, Bournemouth, Dorset, England, BH2 6LA.
VAT Registration No: 576 8795 61
