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Guide price

£635,000

Property for sale Laceby Road, Grimsby DN34

  1. Property photo 1 of 16. Front From Verge (1 Of 1)_2.Jpg

Property location

Nearby amenities

  • St Martin's Preparatory School0.2 miles
  • Ormiston Maritime Academy0.3 miles
  • Grimsby Town0.9 miles
  • Grimsby Docks1.7 miles

Features and description

  • High profile location fronting A46 Laceby Road
  • Strong tenant line up.
  • Attractive plot size
  • Modern well maintained and designed properties
  • Forecourt parking plus rear service yard
  • Both properites - EPC - C
A well let investment opportunity, tenanted by domino's pizza and betfred book makers in A prominent location fronting the main arterial (A46) laceby road, grimsby. For all enquiries please contact David Tomlin on

Location

The subject premises are situated to the North side of Laceby Road, which forms the A46 immediately to the West of the roundabout junction with Bradley Road which forms the B1444. The centre of Grimsby is positioned approximately 3 miles to the North East, with the A180 road located and accessed via the A136 approximately 3 miles due North. The settlement of Laceby, a densely populated and generally well regarded residential area is positioned approximately 2 miles due West. Other occupiers within the vicinity include Laceby Road Post Office, along with both the Co-operative and Spa Convenience Stores.

Description

The freehold interest in its entirety comprises a detached 2 storey block incorporating 3 No. Self-contained ground floor retail units and 3 No. Self-contained 2 bedroomed flats at first floor level, with Unit 1 now occupied by Cash Converters having been sold off on a long leasehold (effective freehold) basis for a premium, together with the sale of the 3 upper floor flats sold off on a leasehold basis (virtual freehold) also at a premium and subject to a payment of an annual ground rent of £100 per flat.
The building is of brickwork wall elevations with painted rendered finish, extending to 2 storeys in height, with each flat having a front balcony, surmounted by an even pitched concrete interlocking pantiled roof, with each of the 3 No. Ground floor shop units benefiting from a recessed fully glazed shop front, with each property providing effectively an elongated open plan retail sales layout.
The Development benefits from dedicated customer forecourt parking and a rear service yard.

Rental Income

Rental Income - The rental income of £42,300 pax generated by this property investment comes mainly from two of the ground floor retail units, which are occupied by Betfred and Domino’s (fitted out to the corporate need of each tenant) and expiring 2028 plus residential Ground Rent Income amounting to £300 per annum from the first floor flats at 468 A, B & C.

Vat

Vat to be charged at the prevailing rate if applicable. We understand that an option to tax the subject property has been made in this case.

Legal Costs

Each party to be responsible for their own legal costs.

Viewing

Strictly by former arrangement with the vendors agents.

For Sale Subject To Contract

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