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47-47A Grimsby Rd 2,010 SF 100% Leased Retail Building Cleethorpes DN35 7AQ $181,237 ($90.17/SF)
Investment Highlights
- Value-Add Mixed-Use Investment Opportunity.
- Fully Let to Separate Tenants.
- Forms Part of a Popular Parade.
- Investment Let at £18,431 p.a. (13.65% GIY on Guide Price).
- 2 x Retail Units and 2 x Flats to the Upper Parts.
- Asset Management Potential.
- Investment Let at £14,431 p.a. (10% GIY on Guide Price).
Executive Summary
Lot 114 is available by way of Savills Online Auction 31st march 2026
The property comprises a freehold mixed-use investment forming part of a popular local parade. Arranged as two ground floor retail units with two separately accessed flats to the upper parts, the property is fully let to four tenants on separate leases producing a total rent of £18,431 per annum. We understand the property includes a small vacant store/warehouse to the rear which could also be let separately, improving rents further. The property is situated on Grimsby Road, an established and popular location comprising the principal retail amenity for the surrounding residential area
The property comprises a freehold mixed-use investment forming part of a popular local parade. Arranged as two ground floor retail units with two separately accessed flats to the upper parts, the property is fully let to four tenants on separate leases producing a total rent of £18,431 per annum. We understand the property includes a small vacant store/warehouse to the rear which could also be let separately, improving rents further. The property is situated on Grimsby Road, an established and popular location comprising the principal retail amenity for the surrounding residential area
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,010 SF
Building Class
C
Year Built
1959
Price
$181,237
Price Per SF
$90.17
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.03 AC
Frontage
16’ on Grimsby Road
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Area 51
- Retailer
- 529 SF
- -
- Nov 2024
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Area 51 | Retailer | 529 SF | - | Nov 2024 |
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Nearby Major Retailers
1 of 5
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47-47A Grimsby Rd
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