This property has now been sold

Grimsby Branch Manager
Reeds Rains Grimsby
6 Bethlehem Street, Grimsby, DN31 1JU
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
Sold

7 bedroom Mid Terrace House for sale,
Grimsby Road, Cleethorpes, Lincolnshire, DN35

Sophie Grimes Branch Manager
Sophie Grimes
Branch Manager
SoldContact branch

Features and Description

  • Seven 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.

Additional Information

  • Property ref
    GRI250536
  • Council Tax
    A
  • Local authority
    North East Lincolnshire County Council
Nearby locations