Location
The subject property is situated on the busy mixed-use location of Cromwell Road Grimsby, accessed by way of Dudley Street and Littlefield Lane and Yarborough Road, linked directly with the A180 motorway network within the district of North East Lincolnshire and within close proximity to the town centre o.
The location is of mixed use with the benefit of being within walking distance to the town centre of Grimsby as well as various amenities on the door stop.
Description
The accommodation comprises a traditional brick built two storey property that has been converted to provided two separate flats, one and two bedroomed with a separately accessed two bedroomed maisonette set over two floors all held on Shorthold Tenancy Agreements with a combined annual rent of £14,300, producing an approximate yield of 9/10%.
The investment has the benefit of a large site to the rear of the premises for approximately 4/6 vehicles of further development possibilities, subject to approvals.
Accommodation
Ground Floor
Flat 18A (Large Ground Floor Flat)
Living Room/kitchen , one double Bedroom, Bathroom at a rent of £100 per week
Flat 18B (First Floor)
Lounge, Kitchen, one double Bedroom, Bathroom at a rent of £75 per week
Maisonette (Set over ground & First Floor)
Living room, kitchen, two first floor bedrooms, bathroom at a rent of £100 per week
Tenure
All are held on Shorthold Tenancy Agreements, generating a combined annual rent of £14,300, producing an approximate yield of 9/10%.
Price
The investment opportunity is available For Sale at £150,000.
Legal Costs
Each party is to be responsible for their own legal costs and stamp duty or land tax that may apply.
Council Tax
Both flats and maisonette are listed under the Band A assessment. Interested parties are advised to confirm this with the Local Authority.
EPC
Available upon request.