Summary - 4, FREEMAN STREET DN32 7AA
2 bed 2 bath Apartment
**Standout Features:**
- Mixed-use premises: Commercial unit + 2 x 1-bedroom flats
- Annual rental income potential: £11,820 from both units
- Attractive yield of 10.3%
- Long-term tenants interested in staying
- Double-glazed windows and modern electric heating
- Prime location near major retailers and transport links
**Potential Concerns:**
- Crime rate in the area is very high
- The building is of moderate age (constructed before 1900)
**Summary:**
Discover an exceptional investment opportunity in this mixed-use premises located on bustling Freeman Street, Grimsby. The property boasts a well-proportioned ground floor retail space of approximately 676 sqft, ideal for a range of businesses, along with two comfortably-sized 1-bedroom flats currently generating a total of £7,020 per annum in rent. Benefit from a combined rental income of £11,820 and an impressive yield of 10.3%, making this property perfect for savvy investors or first-time buyers seeking rental potential.
While the surrounding area has a high crime rate, it offers excellent transport links and is in proximity to reputable retailers like Asda and Boots, as well as Freshney Place shopping centre. Each flat features modern comforts such as uPVC double glazing and electric heating, ensuring low maintenance, while long-term tenants are eager to remain. With a little bit of creativity and flair, this property holds immense potential for future renovations or reconfiguration. Don't miss this chance to secure a lucrative income-generating asset in a rapidly evolving urban landscape—viewing is highly recommended!
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