Asking Price: £279,950
Grimsby Road | Cleethorpes | North East Lincolnshire | DN35 7EZ
STEP INSIDE
Grimsby Road
EPC: C-E | Tenure: Freehold | Council Tax: A 7
7-Apartment Block on Grimsby Road, Cleethorpes
An exciting opportunity for investors, this block of seven one-bedroom apartments is situated on Grimsby Road in the vibrant and sought-after town of Cleethorpes. Offering an estimated rental income of £42,000 per year (subject to high-quality refurbishment and compliance with current regulations), this property promises excellent potential as a multi-unit investment.
The main building comprises six apartments, five of which share a communal entrance. Three are located on the ground floor, with two more on the first floor. The sixth apartment, attached to the main building, has its own private entrance at the rear. Additionally, a separate coach house-style maisonette offers unique character and further versatility.
Each apartment features its own kitchen, living area, and bathroom, providing self-contained living spaces. The property as a whole would benefit from modernisation, making it an ideal project for investors aiming to maximise rental yield and tenant appeal.
Externally, a courtyard provides off-road parking, a valuable feature for tenants in this desirable location. Cleethorpes’ renowned amenities are within easy reach, including shops, restaurants, and excellent public transport links. The picturesque seafront is just a 15-minute walk or a 5-minute drive away, adding to the appeal for prospective tenants.
This is a rare 7-in-1 investment opportunity in a thriving coastal town, offering scope for significant returns with the right improvements. Don’t miss your chance to unlock the full potential of this property.
Key Facts For Buyers
Agents notes: All measurements are approximate and for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied on The fixtures, fittings and appliances referred to have not been tested and therefore no guarantee can be given that they are in working order. Internal photographs are reproduced for general information and it must not be inferred that any item shown is included with the property. For a free valuation, contact the numbers listed on the brochure.
