- Well let retail investment to Betfred and Domino's
- Net income £42,400 per annum
- 7.2% yield
- Popular & Prominent Location
Location
Grimsby is the main commercial centre for North East Lincolnshire
having a resident population approaching 100,000 although
benefiting from a much larger surrounding catchment area. Grimsby is
ideally situated with road connections to the A180 which in turn
provides access to the M180, The Humber Bridge and in addition to the
Humberside International Airport which is located approximately 14
miles to the south west.
Grimsby is one of the largest ports in the country and is situated on the
south bank of the Humber Estuary. The combined Humber Ports handle
a large percentage of overseas trade (currently worth over £20 billion
annually).
The premises are situated on the north side of Laceby Road (A46) to
the west of the busy Bradley Road roundabout, being located
approximately 3 miles north east of Grimsby town centre and 2 miles
due north of the popular North East Lincolnshire village of Laceby.
Description
The property comprises a single parade consisting of a two storey
structure which has been sub-divided to create three ground floor
retail premises with self-contained flats/apartments above which was
built in 2008 approx. The ground floor retail accommodation comprises
468-474 and is understood to be of traditional cavity brick and block
elevations with part rendered elevations to the front, with each
flat/apartment being accessed from stairs leading to a rear balcony
area. The property is surmounted by a pitched tiled roof. Each shop
has a recessed fully glazed powder coated aluminium framed shop
front.
The property benefits from car parking to the front, together with a rear
service yard and additional car parking area.
Terms
The property is available For Sale, subject to the existing leases. We
understand that the property is freehold. The guide price is £560,000 plus VAT (if applicable).
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