Summary - Flat 3, 158 Grimsby Road DN35 7DL
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Mixed-Use Investment:** Ground floor retail unit with 3 one-bedroom flats.
- **Current Income:** £13,900 per annum; gross initial yield of 7.12%.
- **Location:** Prominent position on Grimsby Road, close to Grimsby Town Football Stadium.
- **Potential for Residential Conversion:** One flat is undergoing planning to revert back to residential from commercial.
- **Amenities:** Excellent local schools with high Ofsted ratings, public transport access, and proximity to various conveniences.
**Concerns:**
- **High Crime Rate** in the area; potential for increased living costs.
- **Maintenance Needs:** Limited insulation and potentially older features may require attention.
**Summary:**
Discover an excellent investment opportunity at 158 Grimsby Road—a freehold property offering steady income from a ground-floor retail unit and three residential flats. Currently generating £13,900 per year, the retail unit features an inviting main area and additional office and workshop space, ideal for business. Nestled in a lively area with high foot traffic and excellent visibility, this property is strategically positioned for both commercial success and residential appeal. With two flats currently tenanted, and one flat in the process of conversion back to residential, this investment holds enormous potential for growth.
Although the local crime rate is unfavorable and certain maintenance aspects may require attention, the property sits within a community with good schools and amenities, increasing its value for families and potential renters alike. Don’t miss out on this unique investment opportunity in a prime location—act now and secure your future in this promising market!
Block of apartments for sale in Grimsby Road, Cleethorpes, Lincolnshire, DN35 — £179,950 • 1 bed • 1 bath • 528 ft²
High street retail property for sale in Corporation Road, Grimsby, DN31 — £90,000 • 1 bed • 1 bath
Commercial property for sale in Grimsby Road , Cleethorpes, North East Lincolnshire, DN35 — £260,000 • 1 bed • 1 bath • 2244 ft²
3 bedroom terraced house for sale in Grimsby Road, Cleethorpes, DN35 — £129,000 • 3 bed • 2 bath • 1909 ft²
Commercial property for sale in Grimsby Road , Cleethorpes, North East Lincolnshire, DN35 — £95,000 • 1 bed • 1 bath • 1330 ft²
2 bedroom apartment for sale in Freeman Street, Grimsby, Lincolnshire, DN32 — £115,000 • 2 bed • 2 bath • 676 ft²
