This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
6 bedroom Mid Terrace House for sale, Grimsby Road, Cleethorpes, Lincolnshire, DN35
Features and Description
- Six one-bedroom apartments
- All units fully tenanted
- £32,232 annual rental income
- 17% gross rental yield
- Newly renovated throughout
- Modern appliances included
- Prime Cleethorpes location
- Walking distance to seafront
- Near shops, cafes, and parks
- Close to railway station
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.
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 be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
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 travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Grimsby Road, Cleethorpes, Lincolnshire, DN35
Additional Information
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Property refGRI250536
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Council TaxA
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Local authorityNorth East Lincolnshire County Council
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