468-474, Laceby Road, Grimsby

For Sale

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  • Well let retail investment to Betfred and Domino's
  • Net income £42,400 per annum
  • 7.2% yield
  • Popular & Prominent Location

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A prominent, fully let, mixed use investment yielding an income of £42,300 per annum (7.2% yield).

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.

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.

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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