Summary - 101 GRIMSBY ROAD CLEETHORPES DN35 7DD
1 bed 1 bath Commercial Property
Freehold building with retail and one-bedroom flat offering immediate rental income..
Freehold mid-terraced mixed-use building, approximately 1,330 sq ft
Total income £8,752.16 per year; reported net initial yield 8.94%
Ground-floor takeaway let at £4,432.16 p.a.; lease expires 20/08/2025
First-floor self-contained one-bed flat let on AST at £4,320 p.a.
Property can be sold individually or as part of a Grimsby Road portfolio
Located near seafront with distant sea views; small urban plot
Area shows very high deprivation and high local crime — affects demand
Excellent mobile signal and fast broadband; constrained renter market
This freehold mid-terraced building offers an immediate income stream from a ground-floor retail lease and a first-floor one‑bed flat let on an Assured Shorthold Tenancy. Total annual income is £8,752.16 with a reported net initial yield of 8.94% (typical purchaser costs). The premises extend to approximately 123.61 sq m (1,330 sq ft) over two storeys and sit on a small urban plot near the seafront.
The ground-floor unit is currently run as a takeaway and is let at £4,432.16 per annum under a five-year lease that expires 20/08/2025. The self-contained first-floor flat, accessed via a rear staircase, is let at £4,320 per annum on an AST. The property can be purchased individually or packaged with other nearby mixed‑use assets along Grimsby Road as part of a wider portfolio transaction.
Location factors will suit yield-focused buyers: the area has fast broadband, excellent mobile signal and distant sea views, but it also scores high for crime and very high deprivation, and is described in local classifications as “hampered aspiration” with a population of constrained renters. These social and market characteristics affect long-term rental growth and tenant profile and should be considered in acquisition due diligence.
This is a compact, functional asset for investors seeking immediate rental income and potential operational upside through lease renewals or a portfolio purchase. Material considerations include the ground-floor lease expiry in August 2025, existing tenancies in place, and the small plot and urban setting. Prospective purchasers should verify tenancy details, costs, and local market conditions prior to exchange.
Commercial property for sale in 103 Grimsby Road , Cleethorpes, North East Lincolnshire, DN35 7DD, DN35 — £125,000 • 1 bed • 1 bath • 1442 ft²
Commercial property for sale in 39 Sea View Street, Cleethorpes, 39 Sea View Street, Cleethorpes, DN35 8EU, DN35 — £190,000 • 1 bed • 1 bath • 1059 ft²
3 bedroom terraced house for sale in Grimsby Road, Cleethorpes, DN35 — £99,950 • 3 bed • 2 bath • 1909 ft²
Commercial property for sale in Grimsby Road, Cleethorpes, North East Lincolnshire, DN35 — £125,000 • 1 bed • 1 bath • 1813 ft²
Commercial property for sale in Grimsby Road , Cleethorpes, North East Lincolnshire, DN35 — £260,000 • 1 bed • 1 bath • 2244 ft²
Mixed use property for sale in St. Peters Avenue, Cleethorpes, Lincolnshire, DN35 — £120,000 • 1 bed • 1 bath • 539 ft²
