Summary - 17, GRIMSBY ROAD DN35 7AQ
3 bed 2 bath Terraced
High-yield mixed-use asset near seafront, ready for hands-on investors.
Currently fully tenanted producing approx. £13,000 annual income
Large ground-floor shop with full shopfront and rear storage
Separate rear access to deceptively spacious three-bedroom flat
Apartment has modern fitted kitchen and one three-piece bathroom
Opportunity to increase income by re-letting or rent reviews
Small plot with limited on-street parking; no dedicated parking
Located in a very deprived area with higher crime levels
Freehold purchase; very low flood risk and fast broadband
This sizeable mid-terrace property on Grimsby Road combines a large ground-floor retail unit with a three-bedroom first-floor apartment, currently offered as a ready-made investment. Both units are separately let and producing a combined annual income of approximately £13,000, making the building attractive to buy-to-let investors seeking immediate cashflow. The retail space benefits from a full shop front, rear storage and kitchenette, while the flat is accessed from the rear and feels deceptively spacious over two floors.
The apartment provides three good-sized bedrooms, a modern-fitted kitchen, a three-piece bathroom suite and a comfortable reception room — practical accommodation for long-term tenants. The shop floor is large with useful back-room storage, W/C and self-contained facilities, suitable for a range of small businesses. The property is a short walk from Cleethorpes seafront and nearby amenities, and sits off the main Grimsby Road, delivering steady footfall for the retail tenant.
Buyers should note material location and management factors: the area is classified as very deprived with higher-than-average crime, limited on-street parking and a small plot size. While flood risk is very low and mobile and broadband connectivity are good, the building will suit purchasers who accept urban market conditions and who can manage tenant relationships. There is clear potential to increase rents and overall yield after review of tenancy terms and minor updating where required.
Overall this is a practical, income-producing mixed-use asset for investors wanting immediate returns and hands-on management. It offers scope for rental growth and modest capital improvement, but it is not a turnkey residential lifestyle purchase due to its commercial setting and local socio-economic challenges.
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