Summary - Cleethorpe Road, Grimsby, N E Lincs, DN31 DN31 3HW
1 bed 1 bath End of Terrace
**Standout Features:**
- Mixed-use property with four one-bedroom flats and a ground floor commercial unit.
- Currently generating a consistent income of £1,850 PCM with long-term tenants.
- Located near Grimsby Town Centre, providing convenient transport links to the A180 and Cleethorpes Sea Front.
- Freehold tenure with substantial square footage of 1,538 sq. ft.
- Opportunity for renovations to enhance property value.
**Potential Concerns:**
- The property requires some improvements, implying a need for repairs.
- High local crime rate and classification of area as 'very deprived' may impact desirability.
This exceptional multi-unit mixed-use property is available via online auction, presenting an attractive long-term investment opportunity for buyers seeking cash flow and the flexibility of future renovations. Currently occupied by five long-term tenants, the property provides a steady income stream while being situated in a prime location close to essential amenities, transportation routes, and schools with good Ofsted ratings.
Adorned with charming Victorian features, each flat comes equipped with modern kitchens and bathrooms, spread across three levels. However, potential investors should be aware of existing maintenance needs that could be addressed to elevate the property’s overall appeal. With its freehold status and competitively valued price of £180,000, this property offers a unique chance to secure a promising investment that may not be available for long. Don’t miss this chance to advance your property portfolio!
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