4 Freeman St - Storefront Retail/Residential FOR SALE


Grimsby, SHS DN32 7AA
$115,000 USD
147-240-4599
4 Freeman St, Grimsby, SHS for Sale
$115,000 USD
Storefront Retail/Residential - FOR SALE
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null | Request Cap Rate

4 Freeman St
Grimsby, SHS DN32 7AA


HIGHLIGHTS

  • Mixed use premises
  • Commercial unit and 2 x 1 bed flats
  • Expected commercial rent £4800 PA
  • Long term tenants wishing to remain
  • UPVC double glazing

OVERVIEW

A fantastic opportunity to purchase this mixed use premises, located in the heart of Grimsby on Freeman Street. Nearby Vendors include Boots, Asda supermarket and Wilkos. The property is within close proximity to Freshney Place shopping centre and benefits from good transport links to and from Cleethorpes. The property comprises of a well proportioned ground floor retail area approximately 62.89sqm/676sqft in size, comprising of 2 w.c.'s and a generous sized basement of 48.51sqm/522.15 sqft. The property comes with 2 x 1 bedroom, flats which are currently let at £75 and £60 per week respectively, equating to £7,020 per annum. It is anticipated that the retail unit will generate an income of £4,800 per annum, which combined generates an income of £11,820 per annum. At the current asking price, this represents a yield of just shy of 10.3%, making this an extremely attractive investment opportunity.

FOR SALE DETAILS

PRICE

$115,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Hayley KinnairdJackson Green & PrestonMore Info
147-240-4599

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Hayley KinnairdJackson Green & PrestonMore Info
147-240-4599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.