Summary - Rear of 155, Hainton Avenue, GRIMSBY DN32 9LF
1 bed 1 bath Mixed Use
Income-producing shop with easy refurbishment potential for investors or owner-occupiers.
Freehold mixed‑use unit: ground floor shop and first floor one‑bed flat
A compact mixed‑use freehold on Hainton Avenue, offered with both ground‑floor retail and a self‑contained first‑floor flat producing a combined rent of £11,940 pa. The property benefits from full‑width shopfront visibility on a busy neighbourhood parade, new security shutter, on‑street parking and a bus route outside, making it straightforward to let to local convenience or takeaway businesses.
This is a value‑led investment: at the asking price it produces a near 10% gross yield and suits a buyer seeking immediate income with short‑term uplift potential from modest refurbishment. The flat is small (one bedroom) and the retail footprint is compact; both units currently require cosmetic updating and potential services upgrades to maximise rents.
Location factors are mixed. The property sits in a densely populated, very deprived area with high local crime and a transitional Eastern European neighbourhood profile, which may limit rental growth and attract constrained renters. Conversely, fast broadband, excellent mobile signal and nearby schools/amenities support steady tenant demand for basic retail and affordable housing.
Suitable for investors targeting income and hands‑on value add, or an owner‑occupier retailer who can live above the shop. Prospective buyers should factor refurbishment costs, tenant profile, and any compliance or service‑upgrade works into purchase plans.
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