Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a freehold mixed-use investment forming part of a popular local parade and offering evident asset management potential.
Arranged as two ground floor retail units with two separately accessed flats to the upper parts, the property is let to three tenants on separate leases producing a total rent of £14,431 per annum.
Unit 47D comprises a ground floor retail unit and is currently vacant. We therefore consider the property offers immediate asset management potential via letting of this space. We understand the property includes a small store/warehouse to the rear which could also be let separately, improving rents further.
We consider the estimated rental value (ERV) of the property to be in the order of £25,000 p.a. if fully let.
The property is situated on Grimsby Road, an established and popular location comprising the principal retail amenity for the surrounding residential area.
Tenure
Freehold
Tenancy
Please see the below tenancy schedule and legal pack for more information.
Rent