7 bed terraced house for sale

Grimsby Road, Cleethorpes, Lincolnshire DN35

For sale is a block of six one-bedroom apartments, situated on Grimsby Road in Cleethorpes. All units are currently occupied by tenants, generating a monthly rental income of £2,686 and an annual total of £32,232, representing a 17% gross yield. This is a ready-made investment opportunity with all apartments having been newly renovated and equipped with modern appliances. The properties are maintained in good condition and fall within Council Tax Band A.

Grimsby Road benefits from its location within Cleethorpes, offering convenient access to a wide range of local amenities. Residents can enjoy the green spaces of Sidney Park, which is within walking distance, as well as the Cleethorpes seafront, which offers scenic views, various cafes, and leisure facilities. The area's high street is close by, providing supermarkets, shops, and dining options.

For commuters, Cleethorpes Railway Station is approximately a 15-minute walk from the property. Regular train services connect to Grimsby Town, with onward connections to larger hubs such as Doncaster, Sheffield, and Manchester. The station offers straightforward journeys for both local and regional travel, making the area suitable for tenants who commute or travel frequently.

Overall, this block represents a solid investment, benefiting from recent renovations and a strong rental history, located in a part of Cleethorpes that is attractive to tenants due to its amenities and transport connections.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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For Sale Via Modern Auction

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would (truncated)