Various Investment Properties
Cleethorpes, North East Lincolnshire, DN35 7DG
Various Investment Properties
Cleethorpes
North East Lincolnshire, DN35 7DG
- Investment
- For Sale £1,000,000
The properties comprise a variety of mixed use premises, all of which are of masonry construction with pitched tiled roofs above. The properties predominantly provide ground floor retail accommodation with first floor flats above. The commercial elements of the portfolio provide a mix of retail and restaurant uses including a barbers, café, takeaway, convenience store and massage parlour.
- Mixed use property portfolio investment For Sale
- Offers invited in excess of £1,000,000
- Freehold properties subject to existing Leases and Assured Shorthold Tenancy agreements
- Current gross income of £89,633 per annum representing a Net Initial Yield of 8.46% (allowing for purchasers costs of 6%)
- No VAT
- Currently one vacant unit with an ERV of £4,800 pa which presents the opportunity to increase the income to £94,433 per annum
- Available as a whole however consideration will be given to selling properties individually or in multiples
