Summary - Various Investment Property Portfolio, Grimsby Road , Cleethorpes, North East Lincolnshire, DN35 DN35 7DG
1 bed 1 bath Commercial Property
Fully let mixed-use blocks offering immediate income and refurbishment upside.
Fully occupied mixed-use portfolio with diversified retail and residential income|Gross income £70,372.04 pa; quoted net initial yield 9.48%|Large overall size ~12,384 sqft; individual lots negotiable|Freehold buildings of masonry construction, pitched tiled roofs|Area classified very deprived; high local crime rates noted|Some tenure details unknown; sold subject to existing leases and ASTs|Asset management/refurbishment potential to improve rents and capital value|Coastal town location with excellent mobile signal and fast broadband
A fully occupied mixed-use portfolio on Grimsby Road, Cleethorpes, generating a current gross income of £70,372.04 per year and showing a quoted net initial yield of 9.48%. The freehold masonry buildings combine street-facing ground-floor retail and restaurant units with first-floor residential flats, offering diversified income streams from long-standing commercial and assured shorthold tenancies.
This is an investor-focused opportunity: the estate produces immediate income and presents asset management and refurbishment upside across a large overall footprint (approximately 12,384 sqft). Individual units can be negotiated and sold separately, allowing portfolio tailoring or disposal. Location factors include coastal town footfall, excellent mobile signal and fast broadband, supporting retail and short-term hospitality uses.
Buyers should be clear about the local context. The wider area is classified as very deprived with high local crime and “hampered aspiration/constrained renters” demographic indicators, which can affect tenant demand and rental growth. Tenure information is noted as unknown for some units, and properties are sold subject to existing leases and tenancy agreements—buyers must review tenancy schedules and servicing obligations.
This portfolio suits experienced investors or development-minded buyers seeking yield now with medium-term value-add potential through active management and selective refurbishment. The mix of uses spreads risk, but the socio-economic characteristics of the neighbourhood mean careful underwriting and a hands-on approach to lettings and building maintenance will be essential.
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