47 Market St - Storefront Retail/Residential FOR SALE


Cleethorpes, SHS DN35 8LY
$320,000 USD
147-240-4378
47 Market St, Cleethorpes, SHS for Sale
$320,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 8.81% Cap Rate

47 Market St
Cleethorpes, SHS DN35 8LY


HIGHLIGHTS

  • Mixed-use property
  • Ground floor commercial space with residential flats above
  • Fully tenanted

OVERVIEW

Jackson, Green and Preston are delighted to offer to the market this mixed-used property, which would be a great addition to any investors portfolio. The property comprises a ground-floor commercial element, which is currently occupied by the well established Me2Raj restaurant, with an additional two flats above. The ground-floor is currently achieving £1,300 Per Calendar Month, and should the investment be fully tenanted, we anticipate the property to achieve around £28,200 Per Annum, which would equate to a Gross Initial Yield of 8.81%.

FOR SALE DETAILS

PRICE

$320,000 USD

PRICE/SF

$851 USD /SF

CAP RATE

8.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,380 SF

ZONING

-

APN/PARCEL ID

HS167597

ASK ABOUT THIS PROPERTY

Hayley KinnairdJackson Green & PrestonMore Info
147-240-4378

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Hayley KinnairdJackson Green & PrestonMore Info
147-240-4378

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