Summary - Flat, 166, Cleethorpe Road, GRIMSBY DN31 3HW
1 bed 1 bath Mixed Use
**Attention Investors - Unique Mixed Use Opportunity!**
- **Property Type**: Freehold mixed-use terrace
- **Current Lease**: Residential flat on a long ground lease (150 years remaining, £150 ground rent)
- **Total Square Footage**: 505 sqft
- **Location**: Cleethorpe Road (A180) - Excellent visibility and access between Grimsby and Cleethorpes
- **Features**: Ground floor commercial space with showroom and storage, plus basement storage
- **Condition**: Average for age (1930-1949), with double glazing and mains gas heating, but note the granite walls lack insulation
- **Area**: Very high crime rate; prospects for gentrification
- **Council Tax**: Affordable
This mid-terrace property represents a prime investment opportunity in a bustling location, combining commercial and residential elements for diverse income potential. The ground floor offers a spacious retail area with substantial window display options, perfect for attracting foot traffic. The self-contained flat above, let on a long ground lease, provides a stable and secure income stream. While the area may seem hard-pressed, it offers future renovation potential, making it attractive for savvy investors looking to capitalize on emerging markets. Don't miss this chance to secure a mixed-use property in a rapidly developing locale!
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