Summary - 23a, Hainton Avenue DN32 9AS
2 bed 1 bath Terraced
Ready-made income with uplift potential for hands-on landlords..
- Large ground-floor retail unit with full shopfront and rear storage
- Top-floor two-bedroom apartment currently fully tenanted
- Combined current rent c.£1,100 pcm; potential annual income ~£14,000
- Freehold purchase, total area c.2,575 sq ft
- Traditional solid-brick build; double glazing installed post-2002
- Property shows internal wear; cosmetic and possible insulation work needed
- Located in very deprived area with very high local crime rates
- Minimal private outdoor space; town-centre position with on-street parking
A ready-made, freehold mixed-use investment in central Grimsby: large ground-floor retail unit plus a spacious two-bedroom top-floor apartment. Both commercial and residential units are tenanted, producing current combined rental of approximately £1,100 pcm with quoted potential annual income around £14,000. The retail unit offers a full shopfront, rear storage, kitchenette and W/C; the apartment provides a generous reception/kitchen, two double bedrooms and a three-piece bathroom.
The building is a traditional early-20th-century mid-terrace of solid brick construction with double glazing fitted post-2002 and mains gas central heating. The plot is unusually large for a town-centre property (c.2,575 sq ft total) and sits on a busy high street close to Grimsby town centre, station and major road links (A16/A46), supporting rental demand and footfall for the shop.
Buyers should note material negatives: the area is very deprived with very high local crime levels, which can affect tenant stability and resale. Internal areas show wear (damaged paint, patchy walls) and the building likely lacks wall insulation. Outdoor space is minimal. This asset suits investors seeking immediate income with scope to increase rents after refurbishment; it requires hands-on management and sensible budgets for repairs and energy-efficiency improvements.
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